Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lee who wrote (53445)	4/19/2002 5:19:04 AM
From: LTK007	Read Replies (1) \| Respond to of 99280

here is a typical example how analysts spin. EMLX gave flat guidance but guess what they "really do not mean that, they are just being conservative."These sell-side can't ever get negative and even if company gives a flat guidance they immediately cut to BS.http://biz.yahoo.com/oo/020418/72877.html

To: Steve Lee who wrote (53445)	4/19/2002 7:30:24 AM
From: TomHighsmith	Read Replies (1) \| Respond to of 99280

“OPERATIONS STILL STRONG Revenue was $7.25 billion, below expectations of about $7.34 billion but 13 percent higher than the $6.4 billion a year earlier. Much of the shortfall was due to slow sales of the company's Xbox video game console in Japan and Europe. However, operating income was $3.3 billion, better than the $2.9 billion Microsoft had expected, and leading many analysts to say the quarter's results were better than they appeared at first blush. ``If you back off Expedia and the write-offs, they actually beat their numbers,'' said Brendan Barnicle, an analyst with Pacific Crest Securities. ``The first big initial (stock) sell-off was when people saw the numbers and everyone thought they missed the 51 cents. They actually blew away the quarter's numbers,'' Barnicle said. Excluding the effects of the Expedia sale and AT&T charge, Microsoft's operating profit translated to 48 cents per share, above the 41 or 42 cents a share most analysts had looked for, said Scott McAdams, president of Seattle-based brokerage McAdams Wright Ragen. ``They actually did better than expected,'' McAdams said. ``Really, that's a pretty good showing in this environment.''” biz.yahoo.com