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Technology Stocks : Westell WSTL
WSTL 5.720+2.5%Nov 7 9:30 AM EST
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To: SteveG who wrote (8962)1/15/1998 8:34:00 AM
From: Andreas Helke  Read Replies (1) of 21342
 
Steve you are right that in general non recurring items are properly accounted for. But it happens often enough that the media screws up the reporting if there is a special situation. And there seem to be enough investors that don't bother to check the facts to move stock prices into the wrong direction in many of those cases. And Trey seems to be a pissed off victim of such screwed up reporting with his Micron experience.

Ascend had a quarterly report after its merger with Cascade that left the street and the media seriously confused about wether Ascend beat or missed its earnigs estimates. The street reacted as if they had beat the estimates. Briefing.com reported a few days later that they had asked the company and Ascend had actually missed the consensus estimates.

Andreas
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