Also, on the same day Time Warner Cable Inc. (NYSE:TWC) is also due to report earnings, although its conference call is first, at 8:30 AM EST:
- TWX estimates from First Call: $0.24 EPS on $11.37 billion revenues; next quarter $0.30 EPS on $12.81 billion in revenues.
- TWC estimates from First Call: $0.27 EPS on $4.06 billion revenues; next quarter $0.31 EPS on $4.22 billion in revenues.
- Will the rest of Time Warner Cable be spun-off to Time Warner Inc. shareholders? Will Time Warner Inc. shareholders be able to surrender a portion of their current Time Warner Inc. shares for shares in Time Warner Cable?
- Will Time Warner Inc. split? As per the old Google (NASDAQ: GOOG) $1 billion investment, a "monetization event" in the form of a tracking stock, a spin-off, a sale, or the like is supposed to be coming in the next quarter. But the problem is that unless you are in the legal departments at either company or unless you know all the loopholes, there is no way to know if that requirement still exists.
For holders of both TWC and TWX, the good news is that expectations are already weak. If you find anyone with high demands for cable operations, then they are just ignorant or just unrealistic.
Both Time Warners should use this earnings period to test the waters and indicate to Wall Street that it will unveil the Holy Grail strategy by the end of the year. It is obvious that Wall Street is very skeptical right now and is willing to shoot first and ask questions later. The media conglomerate had had ample time to decide its future course. One more quarter to line up the details isn't too much to ask.
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Reader Comments (Page 1 of 1)
11-06-2007 @ 11:44AM
JDagg said...
Jon --
I doubt there will be discussion of grand strategy or what's next for TWX. Instead, me thinks, they will be fending off questions about how they missed the numbers again. I believe Parsons announcing his departure is an attempt to get out in front of bad news and what will be even more people calling for his departure come Wednesday morning.