In this continuing saga (see context) where we find every analyst getting his/her predictions wrong, consider the latest mistake from Katherine Egbert (she always gets it wrong on Red Hat). Rarely does she admit the mistake and sometimes excuses are used. Enough is enough. Here is the latest news:
Shares of Red Hat Inc. jumped 10 percent Friday, one day after the open source software distributor announced a rise in third-quarter earnings and the appointment of a new chief executive.
You can find Egbert’s excuse here. They always try to deny or sidestep away from their predictions. This time was no exception.
Why are people still listening to analysts, who are typically funded by corporations? We’re not done criticising what appear to have devolved into a movement of self-appointed professionals, who are sometimes just shills in suits.
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