I have a nomination for the 2000 Filly (Phyllis Diller "Put A Good Face On It With Surgery") award for 2000, for the best euphemism for disaster by an executive:
Compaq, Dell Slip on Negative Analyst Report
Nov 28 1:52pm ET
LOS ANGELES (Reuters) - Personal computer inventory levels are high and demand is lagging, a Wall Street analyst said on Tuesday in a report that sent the shares of Compaq Computer Corp. (CPQ.N) and Dell Computer (DELL.O) down.
Compaq fell by more than 7 percent, dropping $1.83 to $22.98 in afternoon New York Stock Exchange trading. It had fallen as low as $22.15 in early trade, before the company responded to the report from Salomon Smith Barney analyst Richard Gardner.
``We are comfortable with our channel inventory levels and are seeing supply constraints ease during the quarter,'' Peter Blackmore, executive vice president for sales and services, said.
Supply constraints are easing, that's good to know.
I ain't done, this ain't the chorus, I ain't even drug you in the woods yet to paint the forest. A bloodstain's orange after you wash it two or three times, but that's normal, ain't it Norman?
--QS
EDIT: The problem is, the Filly winner sounds too much like what Lehman said during the Sun mid-quarter conf call. |
