Techs Missing Badly
from the recovery-delayed dept
We don't put much stock (pun not intended) in what equity analysts have to say, so the idea that a bunch of big tech names all missed their earnings estimates and dampened expectations going forward isn't that exciting. However, it does suggest that for all the talk about how tech was "back," some of it may be a bit of wishful thinking, eagerly hoping to bring back bubble era stock madness. We have no clue if these misses from Intel, Yahoo and IBM really indicate much of anything about the real state of the tech world (mostly, we'd say they indicate very little about it), but it does show that some people somewhere (whether in these companies or on Wall Street) were a little too eager to believe that the boom days were coming back so quickly. Remember after the last bubble burst, everyone was hoping for a "soft landing?" Well, now maybe we have a softer recovery to look forward to as well.
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
Our dollar got rambunctious.
There are many things that the tech companies need the extra profits for so it does make sense. They have to re-do their R&D and that teakes years. I still see the dollar falling from it's peak for a few more days. It should even back out as the market gets done responding to this and the fact we had a huge peak last week in the market which we haven't seen in awhile.
[ link to this | view in thread ]
Errata
It is comparing company results vs independent analysts' estimates or expectations.
[ link to this | view in thread ]
Re: Errata
[ link to this | view in thread ]
Re: Errata
[ link to this | view in thread ]
No Subject Given
[ link to this | view in thread ]