Sun's Forecast Was A Wild-Ass Guess

from the honesty! dept

Well, it’s not often you hear such honesty from folks in high positions. Sun’s Scott McNealy admitted today that Sun’s revenue forecasts lately have been wild-ass guesses. While most forecasts are exactly that, most CEOs at least pretend they know what they’re talking about. He also states that they’ll know how their quarter is going when it’s over. I think this is a good thing. People take forecasts, and other pieces of information way too seriously. If CEOs opened up and admitted that they simply can’t tell how things are going, people might take “earnings suprises” with less of a shock.

Rate this comment as insightful
Rate this comment as funny
You have rated this comment as insightful
You have rated this comment as funny
Flag this comment as abusive/trolling/spam
You have flagged this comment
The first word has already been claimed
The last word has already been claimed
Insightful Lightbulb icon Funny Laughing icon Abusive/trolling/spam Flag icon Insightful badge Lightbulb icon Funny badge Laughing icon Comments icon

Comments on “Sun's Forecast Was A Wild-Ass Guess”

Subscribe: RSS Leave a comment
dreamcircle (user link) says:

10 year surplus

Companies having such limited visibility of a quarterly performance seems like news to stoke a selloff on Wall Street, doesn’t it? The market sure appears undecided, with all eyes on the FOMC meeting next week.

It is curious that a company has difficulty in predicting even a quarter or two out in their business, and the government pretends to have the ability of predicting surpluses TEN YEARS in advance. In fact, it is more than curious. It is looney tunes, or absurd that the politicians would be able to predict ten years out what their revenue will be.

Alas, nobody in the media seems to bring this point out in the open. Scott McNealy makes news when he doesn’t have an idea about projections, but at least he is not claiming to have ten year projections like the politicians.


Add Your Comment

Your email address will not be published. Required fields are marked *

Have a Techdirt Account? Sign in now. Want one? Register here

Comment Options:

Make this the or (get credits or sign in to see balance) what's this?

What's this?

Techdirt community members with Techdirt Credits can spotlight a comment as either the "First Word" or "Last Word" on a particular comment thread. Credits can be purchased at the Techdirt Insider Shop »

Follow Techdirt

Techdirt Daily Newsletter

Techdirt Deals
Techdirt Insider Discord
The latest chatter on the Techdirt Insider Discord channel...