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ModusLink Global Solutions, Inc. Message Board

  • sobithongie sobithongie Aug 2, 2007 11:23 AM Flag

    60 days to earnings release?

     

    That's the approximate duration investors have to wait to find out Fourth Quarter and Fiscal Year earnings results. That to me is unacceptable and I for one hope the new CFO does something about that lethargic pace.

    Here's some comparisons:

    CMGI Inc. (Nasdaq: CMGI)
    Market cap: $742M
    Fiscal year end: July 31
    Earnings announcement: October 10, 2006 .... 71 days

    Intuit Inc. (Nasdaq: INTU)
    Market cap: $9.8B
    Fiscal year end: July 31
    Earnings announcement: August 22, 2007 .... 22 days

    Hewlett Packard Co. (NYSE: HPQ)
    Market cap: $124B
    Fiscal year end: October 31
    Earnings announcement: November 16, 2006 .... 16 days

    SanDisk Corp. (Nasdaq: SNDK)
    Market cap: $12B
    Fiscal year end: December 31
    Earnings announcement: January 30, 2007 .... 30 days

    Internet Capital Group (Nasdaq: ICGE)
    Market cap: $433M
    Fiscal year end: December 31
    Earnings announcement: February 5, 2007 .... 36 days

    I tossed ICGE into this since they have a large venture capital portfolio, and it's the reporting of those firms to CMGI that could be some of the reason it's taking CMGI longer to report. Well, if that's the case, there's plenty of room for improvement. We should be looking at q4 result first week in September if CMGI reported like ICGE is doing, or mid-August if they reported like HP! OK Mr Crane, let's get this show on the road!

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    • There is no reason why the earnings should be delayed so long. Note that cmgi like HP and all the fortune 500 companies are using SAP as their ERP system. After the month-end close, which takes a couple of hours, the numbers for the quarter are automatically generated. Now part of cmgi is still on another obscure ERP system, so give them a week to consolidate all the numbers and a few days to organize the paperwork. This means that cmgi should be reporting the numbers at least as fast as an HP.

      CMGI is deliberately using delay games. The reason for this is really interesting to me.

      pipo.

    • CMGI is the first company I have ever had to wait 60+ days for q4 earnings.

      So are you saying Sobi, if they really wanted to get q4 out a lot earlier the could? Are they just lazy or what?

 
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