Chuzz- Thanks for your analysis of Niles report...can you possibly explain one (what I consider glaring) inconsistency (among many) in Niles' report...
He states that he thinks that Dell is going to make consensus estimate (.31), but he is, apparently, leaving HIS estimate at .30....
Now, is this (idiotic) Wall Street decorum (some written or unwritten rule that you can't change your original estimate so close to earnings..even if you now think differently)...
Or, is this another example of the ass-covering (excuse my language) games that we see over and over again, and probably are a(nother) good representation of what is wrong with the whole process...
BTW- Niles still can't beat the guy from Salomon Smith Barney, who Friday, said that Dell should make their consensus number, but (also) could ONLY surprise (at the MOST!) a few pennies on the upside...
(IN OTHER WORDS, WE ARE PREDICTING .31, BUT WE ARE ALSO RIGHT IF THEY HIT .34/.35/.36!)...What a completely idiotic statement (I can't believe that any reporter could skew that one SO bad...)..As you know, Salomon Smith Barney has missed the boat on Dell for years now.... |
