Tuesday, September 11, 2007

There may be another "shaft" with a live Canary

TI said its revenue would be in the range of $3.56 billion to $3.72 billion, which equates to growth of 4% to 8% over the three months ended June 30. The company's previous forecast called for sales to be in the range of $3.49 billion to $3.79 billion, or growth of 2% to 11% from the June ended quarter.

Double Talk? If I were the CEO of this company - either sales are going to be down from $3.56 to 3.49 or up from 3.72 to $3.79 - then doing a criss-cross 356 to 372 or 349 to 379 (lower low to higher high) - this guy either needs a glass of water or needs to get laid - but more than that...needs to keep his mouth shut. I call this statement "Negative!" Poor Canary - waiting for what? Texas Instruments made this statement at the close of the regular market. I does not trade in the after-market

So...we'll have to wait until tomorrow to see if the Canary lives...or dies.

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