Snyder was shown on CNBC earlier today. He looks almost young enough to be my grandson, but my grandson has more sense.
I reached the same conclusions you did; namely, that this opinion, unsupported by any factual basis, appears to be part of another agenda. I'm sure everyone agrees that over the past month or so, there hasn't been any good news. No new products, no new performance tests showing better performance than GSM or other variants. No new CDMA service anywhere in the world, not even in South America or Mexico. No new chips, no new software, nothing at all. I guess that's why the stock is down over two-thirds since its all time high. And, oh yes, no new sales growth, no new licensees, etc., etc.
Regarding the earlier but similar Bear Stearns comments yesterday, it may be relevant that Bear Stearns reported a 40 percent drop in earnings. What better way to recover than to go short on the way down and long on the way up? I wonder what kind of transactions they've been doing over the past couple of weeks. |
