Fleck, those analysts on the CC showed the unbridled tenacity of Liberace...
...no, on second thought, make that Liberace's corpse.
The 3% sequential bit growth?
"Timing".
So MU is saying mid-teens on the last call.
They show up 3-months later w/ 3% and they're able to get away with explaining it as "timing".
And no one asked the obvious question:
"Well, what specifically caused your 'timing' to be so f****d up. Presumably, it wasn't someone filling in the wrong dates on their project planner, right? So what was it?..."
I also liked the part where Kip responded to one question on starts by saying that he'd clear it up "when we go through the models after the call."
Of course, that was right after dodging the question regarding costs by saying, "well, as you know, we don't give out specific cost info..."
So, Kip, what exactly would be in the "models" that you're spoonfeeding to these superstars?
You're absolutely right on the delay w/ the PR. I didn't see it on their site until around 5:45 p.m.
Good trading,
Tom
|
