The Five Dumbest Things on Wall Street This Week
The Five Dumbest Things on Wall Street This Week
That's why Google has to raise $2.7 billion from an IPO, we guess: to hire enough lawyers to explain what it all means.
5. Do You Want the Bad News First or the Good News Last?
Wireless and satellite manufacturer EMS Technologies(ELMG) sure knows how to look on the sunny side. The company preannounced an earnings disappointment Tuesday evening, sending its stock down 9.5%. But it wasn't all bad news coming out of EMS. Nosirree. As the company explained Tuesday night, "Our discontinued operations -- Space & Technology/Montreal -- are showing real improvement in their financial results." Says the company, "We believe that the division's more stable financial situation and promising new opportunities for its unique capabilities will enhance the business prospects currently being evaluated by potential purchasers of these discontinued operations." Gosh, we can't express how happy we are for EMS. The businesses it's getting rid of are doing so well. Well, HOW ABOUT SHUTTING UP ABOUT THE BUSINESS YOU'RE DISCONTINUING AND GET BACK TO WORK ON ALL THOSE BUSINESSES YOU'RE SUPPOSED TO BE CONTINUING! Sorry. We know that was uncalled for. We just had to get that out of our system.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
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| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
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33.63 |
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1.06 |
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151.91
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