To All, Some respect for CNBS this morning, mostly Mark Hanes. He nailed the scamster CEO from Entremed. When the guy said that all the hoopla was journalistic speculation, ol' Mark noted that CNBS was only quoting Entremed's own press release. True, this wasn't a tech darling, but it did show that CNBS, or at least Hanes, is at least giving a nod to the concept of fairness. Of course, the CEO missed a golden opportunity that I would have jumped on immediately. I would have said, "we were talking journalists, Mark, not CNBS." -g-
Mark also asked Mikey Dell some questions that were a wee bit harder than the usual sloball pitches he is thrown. One, and I don't remember the exact quote, was something about, at the rate you are projecting growth, won't you have consumed not only your industry but the planet in 5 years?" O.K., it was not Woodward and Bernstein, but it caught Mikey by surprise. He was used to being annointed king and liege lord by the hairspray twins every hour of the day, and he wasn't really ready for anything that even hinted that there might be thorns in his rosey scenario. This one caught me by surprise.
Next, the same source wondered out loud why anyone would pay $30 for an IPO stock that the company and the bankers considered a fair value at $9. Unfortunately, he did not follow the logic to the point where he realized that Alan the Printer made this sort of speculative fever SOP by SAPs. But that would require a leap and I'm happy for what he gave us. -g-
No, I am not ready to return CNBS's second C, which we took away during last year's Micron love-in. Most of it is still BS. But I am beginning to see rays of honesty occasionally poking through the clouds at Bubblevision.
MB |
