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Wall Street

by Mike Masnick

Sun, Feb 26th 2006 11:15pm





Analysts Pushing Google To Be A Bit More Forthcoming

from the our-lips-are-sealed dept

A month ago, when the analysts mis-forecast Google's earnings, many news sources seemed to focus on how Google somehow missed, rather than how this showed that Google really had stuck by its original IPO-filing promise not to give guidance to analysts. Of course, that works great when money is coming in quick and the stock keeps going up -- but now that Google failed to live up to the analysts' own expectations (yes, that statement should be amusing), those analysts are apparently upset and are going to start to push Google to be a bit more talkative concerning expected future earnings. Of course, given Google's past statements on the matter, it seems unlikely that they're going to give in.

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  1.  
    identicon
    Kelley Ritchey, Feb 27th, 2006 @ 5:24am

    Yes, You Are Right!

    The "no guidance" and consistently beat estimates worked great until it didn't as you suggest. It seems pretty clear that GOOG should at least give some tax rate help-this was the major blunder.

    Otherwise, expect GOOG will be discounted to reflect that fact that analysts are just wildly guessing.

     

    [ reply to this | link to this | view in thread ]

  2.  
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    Anonymous Coward, Feb 27th, 2006 @ 9:41am

    No Subject Given

    Wildly guessing is still more legitimate than making recommendations based on what the investment banking division of their corporation wants them to say.

     

    [ reply to this | link to this | view in thread ]


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