sydney presentation comments, page-6

Mangrove, I think you'll find Teds biggest problem so far has been overspruiking, not under.

I think you'll also find he's been advised to drop the habit.
Instead of being overexuberant in his estimates, then not being able to deliver, he's been told to be more conservative then meet expectations or better.

Nothing gets punished more in a nervous market than a stock that estimates, then underdelivers.

The fact that his estimates are often around double that of WLP does not sit well with investors or instos either.

Bomber