"While news of the shortfall sent AMD's shares tumbling 9.5%, Intel is expected to fare better when it reports earnings. It is Intel's new competitive products and aggressive pricing that have been weighing on AMD's business prospects."Compare these (mailed-in) efforts to a
"Research in Motion, maker of the BlackBerry, released additional preliminary financial results Tuesday, but they gave investors no better sense of the size of the earnings restatement the company will make after a review of its stock option grants to employees.""Additional preliminary" -- you've got to love that. And, still, no one knows what's going on. When language is contorted and still doesn't make sense, stay clear. As in: way clear. And let's end it as they say (as who says?) with a quick word about Sarbox. Surrounded at home by my loved ones over the long weekend, The Business Press Maven was busily ignoring them so I could catch up on my 8-K reading. In Shutterfly's ( SFLY), I read a sweet but simple hate letter to Sarbox from Jim Clark, founder of Silicon Graphics and co-founder of Netscape, who wrote it to resign from Shutterfly's board. It's hard enough to get competent board members, but Clark -- if he is to be believed -- sketches out the challenges that Sarbox can give to board service. He writes:
"As I understand it Sarbox dictates that I not Chair any committee due to the size of my holdings, not be on the compensation committee because of the loan I once made to the company, not be on the governance committee, and it even dictates that some other board member must carry out the perfunctory duties of the Chairman. What's left is liability and constraints on stocks transactions, neither of which excites me."It is not often that you hear talk of what excites people when reading an 8-K.