The 5 Dumbest Things on Wall Street: Oct. 22

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5. Steve Jobs Makes a Lousy Call
So Steve Jobs was compelled to hop on his company's conference call on Tuesday. And why not? Apple
AAPL
had more than one great story to tell. In fact, it was poised to dominate the headlines for all the right reasons all week long. We imagine any chief executive would have killed to have had the set up Jobs had coming into the week. There was the company's mindboggling $20 billion in quarterly revenue to report on Tuesday, followed by the unveiling of the ultra-thin MacBook Air on Wednesday. The ball was teed up. The fences had been moved in. All Jobs had to do was swing, make contact and he was guaranteed a homerun. So what does Jobs do instead? Jumps on the conference call and proceeds to -- pardon the mixed metaphor -- fumble the ball. "I'd like to comment on the avalanche of tablets poised to enter the market in the coming months," said Jobs. (Uh, why?) "First, it appears to be just a handful of credible entrants, not exactly an avalanche." (Um, had someone mentioned an avalanche?) "Second, almost all of them use seven-inch screens as compared to iPad's near 10-inch screen."
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Posted In: TechGeneralComputer HardwareInformation TechnologySteve Jobs
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