Wit SoundView analyst Gary Helmig described the earnings miss as ``huge.''
``They tried to hold it together, and found ultimately they couldn't,'' Helmig said. ``It's curious they just woke up to this level of miss. They're blaming the economy, but competition is a much underrated factor.''
His comment.. "huge". Give me a f'ing break. Motorola's loss was huge!! Revenue growth of 37% and earning $.18/share vs. $.20/shr in this environment is pretty damn good, if not great. What a moron Helmig is.
Analysts are not very bright people. Looking back over the past few years I can safely say that if an analyst said it is either a lie or an exaggeration meant to do damage. Helmig is one of the worst. Anything he says should be ignored.
...until he says how great EMC is, at which point we should believe him. Keep your head down there in the sand, pal. If you actually read what he says, you may understand what "huge" means. if they grow earnings by 10%, with lower revs and margins, what should their multiple be?
you are absolutely right..check out Cisco.. higher PE yet Chambers has said they have stopped dead in tracks vs. EMC +20%...go figure..remeber, Wall street doesn't make money unless they get us to trade...thats why you see downgrades on stocks that are down 70% (they know people will panic) and upgrades on stocks up 60% like oil services etc....what would you rather have for the nect few years, EMC and SEBL or Diamond Offshore and Cross Timber? Did you notice the movement in Merrill, Goldman Sacks et al...churn baby churn...fuck em' and hold !!