Quote:
Originally Posted by Don Plumley
...So the question is asked why don't companies just sandbag their estimates so they can exceed them? A couple of reasons: Pressure to show that your company is beating your competitors in terms of earnings growth; Sandbagging becomes obvious after a short period of time, so then your projections lose credibility; and management making and meeting their estimates demonstrates the control they have over their business and knowledge of industry trends....
...Google has taken the angle of not providing any estimates, and cheers to them. But they are a lonely voice in a crowd of thousands, that are pressured by analysts to provide projections. Game on.
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Thanks Don, the first part is exactly what the media reports (that I saw) seemed to report on Apple...that they consistently "sandbagged". I'm with you (and Google)... I wish they'd forget all of the "epectations bs", just wait a few days/weeks for the REAL numbers to come out.