SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?


To: jon zachary who wrote (18816)5/2/2000 4:11:00 PM
From: tahoe_bound  Read Replies (1) | Respond to of 28311
 
Promises

From that "Cramer" guy today:

What happened to AT&T (T:NYSE - news - boards)? Same thing that happened to Lucent (LU:NYSE - news - boards)! Maybe it is something in that mid-Jersey water. It makes people overpromise and then, when they do, underdeliver.

Understand that UPOD -- underpromise and overdeliver -- is the true mantra of business, which is why I was always UPODed during the days when I used to go into Motley Fool.

When you overpromise, like Armstrong did at AT&T and like Rich McGinn did at Lucent, you get slaughtered.

Armstrong in particular made a lot of promises that, in retrospect, shouldn't have been made.

In fact, some of the AT&T selloff today reflects a growing disillusionment with Armstrong's take-no-prisoners style of management. Some of us here are wondering whether the TNP attitude extends to the customer!

Whatever. The lesson here is that if Armstrong hadn't promised the moon he wouldn't be blaming the stars right now.

Good lesson!