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Breakingviews: Out of Office

Friday, April 19, 2013 - 03:24

April 19 - Jeffrey Goldfarb talks to Richard Beales and Robert Cyran about why, despite earnings and a departing CFO, the week's most interesting Microsoft news is about its software.

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Blunders out from Microsoft this week very out ahead of earnings that beat expectations this year -- this morning. That CFO is leading there was actually a little piece of news involving one of their products they're caught are I have to put it out of. Richard -- Excel spreadsheet. -- good news is we can really. His way to save. Does this pretty well and paper but two of -- economists which is one of the justifications people use coal. Fiscal austerity is of limited government that it's too violent since the GDP then. It's correlates -- -- considerably love grace that turns out well that remains true the extent to which that's true it was. -- part of it was isn't quite low less than than that papers suggested because. In a spreadsheet where they calculated growth dependent on government that until they actually. The with a formula missed out a bunch of cells and neighbors said student discovered this this week -- we're having this the first time we've heard of probably sell sort of no I know I don't -- -- London whale for it. Sample and in -- JPMorgan Chase they were apparently tracking everything on excel. We choose you'd you'd expect it you know like. Gore -- economists and a big investment banks that have this this more sophisticated. Risk modeling tools and can excel. I'm but the problem courses that he can't get too sophisticated because sophistication is often just an overlay for for people doing what they want to do. Well I think I think there's a bigger picture with -- excel which is to get mistakes. Right what what one thing it enables you to do is endlessly tweak -- endlessly -- assumption he's moving numbers and keep moving them lose everything little thing you couldn't. You know every assumption that in the world has been reasonable range. -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- -- Even though that the assumptions take it all together. Probably was at that point -- you mean you'll elevate this even for services are you kind of take him as the thinking about it a whole office suite of products are PowerPoint. Word they've all been outlook they're all being used to obfuscate and to you know well it's. It's it's the infamous in revelation or whatever you wanna call it and in theory. A lot of this technology is genuinely valuable and useful he can do things you couldn't do before you can do them quickly. You can disseminate information a lot of that is good but on the other hand this is huge information overload and you can make anything look like to professional. Power or make huge little house going cool you know you've you can -- more credence to the growth in -- and didn't. Validate the most bizarre and stupid strategy with -- well put together. How point Kenya but you -- -- You know and copy and paste usually things take some of the things you know you -- of -- this product and here as we look at business. Amazing how pervasive it is forever if it is they office in the world uses this continues you heard about fifteen years. People do if they want to Atlanta they want if they wanna cover something up they want to justify either if you want it and a for the search result. That's just how -- don't make it easier to do exactly correct yeah. All right we will allow leave it there at the villainous Microsoft Office because we got a reprieve cat we've got more breaking views on Monday.

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Breakingviews: Out of Office

Friday, April 19, 2013 - 03:24

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