editor's blog
Subscribe Now

Teenage scribblers

Many years ago the British Chancellor of the Exchequer (Finance Minister) referred to financial analysts as “teenage scribblers”. And they don’t seem to have grown up. Yesterday Samsung announced that it expected profits for the second quarter of the year to be yet another record at between $8.2 and $8.5bn. That’s right – eight point five billion dollars. $1.20 for every man, woman, and child on the face of the planet in just one quarter. The company’s shares promptly fell by 2.8%. That’s right as well – record profits and the company’s shares fell. Why? Because analysts had previously decided that the company was going to report higher profits. How much higher? About 3%.

The Financial Times commented that there were “fears that the world’s biggest smartphone maker could struggle to meet optimistic market expectations.” Not that they weren’t going to continue to make shed loads of profit. Not that they weren’t going to continue to innovate. Not that, despite the hyper-profits of Galaxy phones and tablets there are vast underlying markets across the board. The company is being punished for not meeting the teenage scribblers’ finger in the air estimates of what they were going to do.

It is a mad world my masters!

Leave a Reply

featured blogs
Feb 20, 2019
'€œTime to design completion'€ is almost always the primary metric and the cause for the most angst within a design team. Your customers demand that a package design is completed as quickly as possible... [[ Click on the title to access the full blog on the Cadence Comm...
Feb 19, 2019
“So, what really is 5G?”. That may be a question some folks are asking themselves. Why? No one has really heard of 5G yet. Right? Insert rolling eye emoji here. In case someone lives under a rock, “5G” refers to the next-gen cellular standard that will...
Feb 15, 2019
This year at DVCon US, Mentor is going to add some sizzle to our booth (#1005) during the exhibit hours. In addition to our stellar demo staff who are always available to answer questions and show you the latest capabilities of our tools, we’re also going to be hosting ...
Jan 25, 2019
Let'€™s face it: We'€™re addicted to SRAM. It'€™s big, it'€™s power-hungry, but it'€™s fast. And no matter how much we complain about it, we still use it. Because we don'€™t have anything better in the mainstream yet. We'€™ve looked at attempts to improve conven...