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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Elwood P. Dowd who wrote (3988)	11/12/1999 9:36:00 AM
From: Gary M. Reed	Respond to of 17683

CNBC Shill-o-meter is going off the scale. Hypothetical situation..."XYZ," trading at 60x earnings, pre-announces a month ago. Now the stock trades where it was before the preannouncement. Earnings come in...they don't even beat the new (lowered) estimate...simply meet them...and 2 cents under the so-called "whisper" number. Given the above-mentioned scenario, you know the Squawk crew would be having a field day "piling on" and spreading the doom-and-gloom. BUT, when the stock is DELL, a CNBC-Lite viewer fave, heaven forbid anything bad gets said...cripes, by listening to Kernan, Haines and Faber this morning, you'd think DELL exceeded estimates by a long shot. Exhibit One of how CNBC producers are loathe to negatively spin any news regarding the me-too, CNBC-Lite viewer fave stocks. I betcha they get a ton of hate e-mail anytime they even hint at speaking poorly of the CNBC-Lite viewer fave stocks (AOL, DELL, CSCO, etc.). When a company trades at 60x earnings and simply "meets" estimates that have already been pared due to a pre-announcement, that is not good...regardless of how you spin it. Shame on CNBC-Lite for caving in to appease viewers. And, in fairness to CNBC, CNNfn was spreading the same hype this a.m. Still doesn't make it right, though. I will laugh the next time Kernan slams a stock for simply meeting downward-revised estimates.