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Phil's Blogservations

Friday, March 25, 2005

Posted by philgomes 7:15 PM
The Gomes Index Hits All-Time Low

The Gomes Index Hits All-Time Low

The Gomes Index Of Executive Happiness, like any true index, bases itself around the public markets. While executives might certainly express that they are pleased during these bank holidays, I treat that almost like after-hours trading and such — interesting to look at sometimes, but not part of the core analysis.
Thus, Good Friday means that we can take a look at The Gomes Index a little early in the short week, since folks with market-related jobs (except for Schwab, I'm told) get to take the day off. "Pleased" to do so, I'm sure!
Well, you'd think so, anyway.
The Gomes Index ends the week at an all-time low of 73.05, which is 30.5% lower than the heady close of the previous week. Last week's highs were, as discussed earlier, bouyed by the CTIA conference.
Shocked? You're perhaps wondering why the annual meeting of the National Insulation Association this week in Las Vegas wasn't enough to bring up the index?
Afraid it wasn't. In fact, near as I could tell from the limited means available, no one was particularly "pleased" to be there. You'd have thought that asbestos taste-testing was going on over there or something. ("Hey, Grissom! Come take a look at this!")
Anyway...
Apple Computer was "pleased" to settle with one of the people it was litigating — a recent graduate of North Carolina State University.
According to Reuters:
"We are pleased that Mr. Steigerwald has taken responsibility for his actions and that we can put this lawsuit behind us."
Translation: "Mr. Stiegerwald is a recent college graduate and, therefore, doesn't have enough money to make pursuing a damage claim worthwhile. Besides which, the whole messy jail issue is in the Feds' hands now."
Anyway, hopefully things will perk up after the Easter weekend. As for me? Your humble Keeper Of The Index will be spending most of his time in his hometown of San Leandro — a birthday, some brunch, and some BBQ.

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ABOUT THIS BLOG

This is the blog of Phil Gomes, SVP with Edelman Digital and senior advisor to the Society for New Communications Research. This blog not only discusses PR and media matters, but Phil's everyday observations about a variety of topics. Phil currently resides in Chicago, IL.

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