HP & RIM in the news:
The press has been abuzz with news from the congressional hearings into the investigative techniques used by a private investigation company searching for the person responsible for leaking board meeting info to reporters.
The majority of those called to testify pleaded the Fifth Amendment in an effort to avoid testimony that could be used against them in a criminal trial. It should not have come as too much of a surprise to the legislators that these people are not willing to contribute to the circus for fear of ending up in jail.
I think it is a sad state of affairs when the lawyers that were advising the management at HP couldn’t say for sure if the use of “pretexting”, pretending to be the person in question, was legal or not. When did it become legal to use someone else’s identity to gather information and how come the phone companies do not have a solid policy on giving out this information over the phone?
I am just amazed that this type of action can even be contemplated with out someone involved saying “maybe this is a bad idea”. This whole thing got out of hand when it became personal, once that happens logic tends to get thrown out the window.
If the management of HP is not willing to do the right thing when it comes down to their own board members and employees, what will they be willing to do to their shareholders? I think investors have to ask this question before they make a decision to invest in HP shares.
The market has been eagerly waiting for the quarter earnings report from Research in Motion, the maker of the Blackberry, expectations are high that RIM will report excellent growth in subscribers with a forecast of 650,000 new subscribers this quarter and earnings of 72 cents per share.
The market will be focused on the projections for the next quarter and will expect an increase in subscribers to 750,000 – 800,000 due to the launch of the new product Pearl targeted at the consumer market.
But we will all have to wait as the conference call has been postponed. Be prepared for a disappointment from RIM as that is normally the only reason companies do not announce their earnings when scheduled. It will be interesting to see what is going on at RIM, glad I do not own any shares.
For more information go to www.campbellreport.com
The majority of those called to testify pleaded the Fifth Amendment in an effort to avoid testimony that could be used against them in a criminal trial. It should not have come as too much of a surprise to the legislators that these people are not willing to contribute to the circus for fear of ending up in jail.
I think it is a sad state of affairs when the lawyers that were advising the management at HP couldn’t say for sure if the use of “pretexting”, pretending to be the person in question, was legal or not. When did it become legal to use someone else’s identity to gather information and how come the phone companies do not have a solid policy on giving out this information over the phone?
I am just amazed that this type of action can even be contemplated with out someone involved saying “maybe this is a bad idea”. This whole thing got out of hand when it became personal, once that happens logic tends to get thrown out the window.
If the management of HP is not willing to do the right thing when it comes down to their own board members and employees, what will they be willing to do to their shareholders? I think investors have to ask this question before they make a decision to invest in HP shares.
The market has been eagerly waiting for the quarter earnings report from Research in Motion, the maker of the Blackberry, expectations are high that RIM will report excellent growth in subscribers with a forecast of 650,000 new subscribers this quarter and earnings of 72 cents per share.
The market will be focused on the projections for the next quarter and will expect an increase in subscribers to 750,000 – 800,000 due to the launch of the new product Pearl targeted at the consumer market.
But we will all have to wait as the conference call has been postponed. Be prepared for a disappointment from RIM as that is normally the only reason companies do not announce their earnings when scheduled. It will be interesting to see what is going on at RIM, glad I do not own any shares.
For more information go to www.campbellreport.com
posted by Grant | 3:27 PM
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