Techs Missing Badly
from the recovery-delayed dept
We don’t put much stock (pun not intended) in what equity analysts have to say, so the idea that a bunch of big tech names all missed their earnings estimates and dampened expectations going forward isn’t that exciting. However, it does suggest that for all the talk about how tech was “back,” some of it may be a bit of wishful thinking, eagerly hoping to bring back bubble era stock madness. We have no clue if these misses from Intel, Yahoo and IBM really indicate much of anything about the real state of the tech world (mostly, we’d say they indicate very little about it), but it does show that some people somewhere (whether in these companies or on Wall Street) were a little too eager to believe that the boom days were coming back so quickly. Remember after the last bubble burst, everyone was hoping for a “soft landing?” Well, now maybe we have a softer recovery to look forward to as well.