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The obvious conclusions are that (a) they didn't know sooner than 3/31 themselves that they couldn't get the sales done in Q1, and (b) there were other, more systemic problems with the earnings and the "blame Bear" tactic is just window dressing.
Apr 14 01:55 am
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All Comments by Wisdom-Seeker »GE's Earnings Miss: What Ever Happened to Warning Investors First? [View article]
Why is it that everyone is focusing on the "lack of advance warning", and then on the "Bear Stearns connection"? Sure, maybe they could have met their guidance if they'd gotten the magic pixie dust on some key asset sales in March, but that's not why the earnings sucked.
The ACTUAL EARNINGS REPORT shows BROAD-BASED WEAKNESS across many of GE's lines of business! This is a recession-induced earnings miss, spread systemically across the company - not just a subprime / financial crisis-induced miss.