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Electronic Data Systems rose 9.1percentt on upbeat profit projections.
(The firm ultimately did meet the profit projections).
Demand is solid, he says, but profit projections are hard.
Such lofty profit projections aren't easy to make now.
That is not to say pharmaceutical companies ignore profit projections.
While profit projections have declined, they may still be way too bullish.
"There is the seduction of those huge profit projections in the last column".
Treasury officials say they are actually being conservative in their profit projections.
The lower profit projections, meanwhile, could put Toyota behind rivals closer to home.
But he questioned whether the profit projections might be too high.
He said the company's refusal to offer its own profit projections further rattled the market.
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