JJC Drops Mister Softee

 

More on Wrong! Dispatches from the Front

Oh boy, we are selling our Microsoft (MSFT).

The guidance is none too good. They are really taking analysts down. It is a major downbeat call. PC growth has slowed. The Street has to come down to 15% growth. This was a big miss and it will get bigger. The company is very cautious.

I have never heard this company talk down earnings before. The worst it's ever said is that it would keep its numbers the same. Analysts were told to take a nickel out of their numbers; that is the most expensive nickel in history.

Can't be optimistic about this one. Not at all. Analysts seem stunned. Terrible transition and terrible timing for Mister Softee, I am afraid.

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James J. Cramer is manager of a hedge fund and co-founder of TheStreet.com. At time of publication, his fund had no positions in any stocks mentioned. His fund often buys and sells securities that are the subject of his columns, both before and after the columns are published, and the positions that his fund takes may change at any time. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks. Cramer's writings provide insights into the dynamics of money management and are not a solicitation for transactions. While he cannot provide investment advice or recommendations, he invites you to comment on his column at jjcletters@thestreet.com.

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