W.F.Rakecky:
I'm surprised you saw my post, I posted it before I was
done and then reedited. I guess you saw the beginning.
>>Joe is there an etched in stone time-line for pre-announcing? <<
The way I look at it, it's a little bit of unwritten rules, and
a little bit of just going through the companies ways of doing
it.
Generally, the last month of the quarter is preannouncement month
and usually, the bad news comes out in the first 2-3 weeks at least.
But, I've seen ANALyst (in particular Kurlak), say something bad on the very last day of the INTC preannouncement month. So, it could
just be an ANALyst giving the company a bad spin. Kurlak is
an expert on timing his preannouncements.
Also, I'll never forget last November, when we didn't hear
any bad news, and some people on the thread were saying to wait
for Dec 1 & 2. And on Dec 2, I thought I had the quarter in
the bag, and Eric B. comes out with sh*t news worse than we
all thought.
And then, there's the preannouncements that come after preannouncement
month is over but a week or two before the company reports.
Generally, companies don't do this. It makes them and the analyst who that cover them look bad. They've had enough time
to get a feel for the quarter to know the story - unwritten rule,
it's a no-no. Some companies do it, and then that's what starts the mistrust cycle which no company wants - not even 3Com.
I haven't seen COMS pull this type of preaanouncement.....yet
Then, getting worse, is when there's no preannouncement, and
when earnings are reported, they miss by a little (nobody likes
this but it's someimmes acceptable, depending on why they miss).
And, then, there's the earnings
report that misses by a lot. We all remember that one!!
That just makes me even more untrusting - even though Eric B.
had a decent excuse, but still, he should have been more
understanding of everybodies expectations....
You can see INTC handling their pre-announcements pretty well,
as of late....in the past they never had to worry about it,
until last June (I think), they surprised the hell out of
the market by preannouncing - kind of like if MSFT were
to preannounce this June 1.
This this make any sense?
joe |
