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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: Berney who wrote (10904)4/27/2002 8:08:00 AM
From: Berney  Respond to of 11051
 
As expected, the earnings picture for the quarter was crushed!

I believe the real damage came with TYC. Last summer they were guiding earnings for 2002 to $3.45:

investors.tycoint.com

I even have a note that they subsequently guided higher to $3.70. However, in their earnings report for the first quarter released on 4/25, they indicated that GAAP earnings for 2002 would be in the $ .98 to $1.08 range:

investors.tycoint.com

That is just devastating to valuation models.

TB



To: Berney who wrote (10904)4/29/2002 2:19:40 PM
From: MonsieurGonzo  Read Replies (4) | Respond to of 11051
 
ouch! boy, was I wrong about this up-wave :-(

...looks like investors have been burned one time too many, Berney ~ the public sentiment is expressing no confidence in corporations; corporate accounting practices / auditing firms; or, their brokers.

(well, we can hardly blame them :)

for lack of any more magic lines, my fingers are now crossed for any kind of phish phlop this silly market can manage to muster (^_^)

-Steve


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