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Technology Stocks : Cymer (CYMI)
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To: ScotMcI who wrote (25142)9/28/2000 8:14:40 PM
From: Rustam Tahir  Read Replies (1) of 25960
 
Some companies do. Corning "warned" twice last quarter and still beat the twice revised estimates. In general, the practice of alerting the Street to upside surprises is much more rare than earnings shortfalls. I think, even before the new restrictions, most companies wanted to warn of shortfalls. Even though stocks take a hit, like Apple tonight, there's less of a "pissed off" factor by warning. Nothing worse than going into earnings announcement thinking everything is going to be fine and then being hit with a shortfall. That's what earnings warning period is all about. You want to be told then that they're going to miss.
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