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December 10, 2006

speculation

Stop the presses! Analyst Gartenberg takes reasoned approach

Posted Dec. 10, ’06, 8:23 AM PT by Dan Moren
Category | Apple » Speculation

Michael GartenbergI know we’ve been pretty harsh on analysts in the past (not, I would argue, unduly so—it’s not as if they don’t get paid way more than we do, so what do they care?). Still, when I read an analyst who really hits all the high points in a reasonable, sensible fashion, well, I have to say I’m impressed. So kudos to Michael Gartenberg of Jupiter Research:

I got a call the other day from a Wall Street publication asking me if the new delays in shipping the iPhone was affecting Apple’s stock price. Excuse me? Delays? Is it possible to call a product that hasn’t been acknowledged much less shipped delayed? While I know that December is the best month for Apple rumors, this is starting to get out of hand as mainstream press and analysts comment about a product that may or may not even be announced at Macworld.
Gartenberg takes Prudential’s Jesse Tortora and CNet’s Michael Kanellos to task for their “analysis” on the still wholly mythical iPhone, and in general decries the utter madness surrounding the whole product.

While Michael does delve into prognostication towards the end of his post, he does so in a very general manner. So am I lauding totally vague predictions? Not across the board, but when an analyst who doesn’t have information (or who has no information that can be shared) is forthright about admitting that, well, that’s someone I’ll be listening to. Because the alternative is people who just seem to be making stuff up.


2 Comments

Dave said:

What if Steve Jobs gave a keynote...and didn't announce an iPhone?

At this point I hope he doesn't. People would FREAK. Unfortunately so would shareholders. Still, if someone had a sense of humor, it would be announced at the end of the day (before the market closes). Let people stew for a few hours :)

December 10, 2006 10:31 AM
Nick said:

What's truly irritating is how addicted we have all become, obssessives and just out of control.

Yes, the product doesn't exist, at least officially. It's getting to the point where the rumor is more exciting then the product itselof which could hurt Apple.

For once, an analyst has a good stand, kudos for poiting it out. And no, you're not too tough on most others, not enough even ;)

December 10, 2006 10:55 AM

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