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Author: RP99 Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2787  
Subject: Re: Down 25% in one day? Date: 10/19/2007 2:38 AM
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Aren't those (woefully) overpaid, (ridiculously) underage "geniuses" supposed to know all this stuff before it goes public?

As far as I understand lot of the market reaction is because many are are thinking that one (woefully) overpaid, - even if not underage - "genius" that should have known this before is the company CEO, who barely a month before during the annual capital markets day (more than 2/3 of that quarter passed already) was so optimistic. This seems to logically leave three alternative:

A) He lied
B) He really had no idea what was going on
C) Something truly monumentally bad happened during the last weeks of September

None of the options seems very good.

No position in ERIC, though just might buy in the near future. It is still after all the clear number on in wireless networks and on top of that it owns 50% of a joint venture that seems to be stabilizing a position as a respectable medium sized player in handset business. The price is certainly more affordable than what we have seen for a fairly long time...
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