It’s understandable that companies should want to sugar the pill when they have bad news, but some pills simply can’t be sweetened.
Take Sun’s sweeping job cuts today (nearly a fifth of the workforce.) Asked what these cuts will actually mean – surely there will have to be severe retrenchment, or even closure, of some parts of the business? – Sun had this to say: it is “amplifying focus in geographic markets where there are growth opportunities.”
Cable and satellite companies need to work out a way of bringing the web revolution to their TV services fast or face being trampled underfoot by internet innovators, according to executives at the intersection of broadcasting and the web.
Blake Krikorian, chief executive of Sling Media, told the New TeeVee Live conference in San Francisco that the living room was cable and satellite’s to lose.
Et tu, Goldman?
One by one, the Wall Street analysts who follow Google have been taking down their estimates this week.