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Biotech / Medical : Millennium Pharmaceuticals, Inc. (MLNM)

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To: SemiBull who wrote (1469)4/16/2003 4:16:03 PM
From: software salesperson   of 3044
 
NEW YORK (Dow Jones)--Millennium Pharmaceuticals Inc. Chief Financial Officer Ken Bate said the company's first-quarter loss was deeper than Wall Street's estimates because analysts expected an earlier agreement to market one of its drugs.

"Financial and operating results were in line with our estimates. Wall Street's expectations were different because of the timing of a Velcade partnership," said Bate, speaking shortly after the company's earnings release Tuesday. "We expected it in the second quarter, analysts expected it in the first quarter."


what was this guy thinking, assuming that he was thinking at all?

commenting on a missed # ? - - they want to encourage this nonsense each q ?

blaming the analyst community ? - - when, in fact, there's no evidence for stating that they believed the deal would be in the 1 q

misquoted ? set-up ? - - probably, just naive

it doesn't look like we'll see many more interviews of this type for awhile lest we see a headline like:

cfo slams street : street slams back

sales
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