10-29-2008, 12:27 PM
Join Date: Feb 2006
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I don't think that you need to be a financial genius to predict that sales of expensive handheld devices will slow as the economy slows. I have about 30% of my users with 8800s. They are due for their 2 year replacement in 2009. Although I have budgeted for it, I'll likely only replace on failures. I suspect that a lot of corporations will do the same.
I also can't stand when 'analysts' dump on a company because they won't make quite as much money as originally thought.
2 events in the stock market stand in my mind when I think of the stock market.
The first was about 10-15 years ago when IBM anounced that they would miss their profit target by about 5%. The stock tumbled from $100 to $50. The company was still going to be massively profitable, just a little less than predicted.
The second was when what is now MCI communicatin filed for Chapter 11. The company anounced the filling during the weekend. It's stock opened higher on Monday than it closed on Friday.
So not making quite as much profit is horrible, but admitting that you are nearly bankrupt is good???