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Strategies & Market Trends : ahhaha's ahs

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From: ahhaha3/8/2006 11:50:53 AM
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Google's mistake was especially embarrassing because the co, unlike most companies, refuses to give future financial guidance. As part of its filing, Google advised investors to disregard the numbers, saying that they were merely speaker notes prepared as much as six months ago for an internal presentation. Sasa Zorovic, an analyst for Oppenheimer & Co., called the inadvertent release sloppy but added that the data was largely in line with what analysts were expecting. He criticized Google's policy against giving guidance, saying "it's not a best practice and does nothing but frustrate their investors."

This opinion is completely mistaken. Guidance screws up everyone.
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