Word: forecasting
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...could stay with the company if they were willing to move to India. IBM is generously offering to pay their relocation expenses, but doesn't answer the obvious question of why the people were hired in the U.S. in the first place. IBM just had a record quarter and forecast a strong 2009. Even though this company is fat and happy due to its robust sales, it must have decided that it had been overzealous in its hiring...
...Macy's restructured itself, the company said same-store sales might be off as much as 8% as the year goes by. That is based on a forecast that no on can really make. As the recession deepens even relatively conservative estimates can be wrong...
...game machine, has stumbled in recent years. With demand for electronics collapsing as the world sinks into recession, the company finds itself increasingly adrift from its glory days, notwithstanding the Ichinomiya closure. Last week, Sony reported that it fell into the red in its latest quarter and repeated its forecast for an operating loss of $2.9 billion in the year ending March 31, its first such loss in 14 years...
...Indeed, quarterly results emanating from Japan Inc. last week sounded like a dirge: Honda lowered its profit forecast for the fourth time this year; Panasonic, the world's largest maker of consumer electronics, is slated to post a loss of at least $1 billion in its current fiscal year, its largest ever; and Toshiba, one of the world's largest producers of memory chips, and computer maker NEC Electronics also forecast big losses...
...matter. "In a lot of places, I think, housing is fairly valued, but we overshot on the way up, and it's very likely we'll undershoot quite a bit on the way down," says Patrick Newport, an economist at the analytics shop IHS Global Insight. His firm's forecast is for another 10% to 15% drop in NAR's median sales price before things start turning around next year - and that's assuming the economy begins growing again in the second half...