• 29 Sep 2010 at 5:48 PM

Phil Falcone: Shut Your Mouth When You’re Talking About Me

By

In a roughly 45-minute investor call on Wednesday, Falcone was critical of news stories that have characterized the New York hedge fund’s nearly $3 billion investment in an upstart mobile broadband company as a risky gamble, said three people who listened to the morning investor call. Falcone also expressed dismay that some investors had been talking to reporters and he urged his wealthy clients to stop doing so. “He started off by talking about the press, saying they don’t have the facts straight and that he was upset with investors for leaking info,” said a person who listened on the call. This person added that the 48-year-old billionaire hedge fund manager sounded defensive at times and fielded no questions from investors. “The good news,” he said in an email exchange with Reuters, “we actually are making money this month. Yes, we are turning it around.” [Reuters]

Comments (12)

  1. 1
    Posted by guest | September 29, 2010 at 9:58 PM

    “don’t have the facts straight” = the pig’s name is Albert.

  2. 2
    Posted by Anonymous | September 29, 2010 at 10:00 PM

    I thought I’d turned it around, too.

    J.E. Cayne
    Dimebags-by-the-Sea, NJ

  3. 3
    Posted by Guessed | September 29, 2010 at 10:27 PM

    I thought it was Lisa?

  4. 4
    Posted by Mathman Prophecy | September 30, 2010 at 1:00 AM

    Cell phones are the wave of the future.

  5. 5
    Posted by Anonymous | September 30, 2010 at 9:22 AM

    “yes, we are turning things around…” sounds like a harbinger of things to come (que sad trombone). I’m here all night folks!

  6. 6
    Posted by Chuddy | September 30, 2010 at 12:27 PM

    up 1% in a month when the markets are up 9% is the NKI

  7. 7
    Posted by Benhar72 | September 30, 2010 at 1:03 PM

    Bess Levin getting a hold of a college pic of Mr. Lisa Falcone is the NKI. Nice investigative work.

  8. 8
    Posted by Alexbhayes | September 30, 2010 at 11:16 PM

    I think history proves satellites are a very viable means of delivering both voice and data services.

  9. 9
    Posted by Guest | September 30, 2010 at 11:17 PM

    And also, wow $3B buys a lot of lipstick.

  10. 10
    Posted by Jerald Nicewander | September 8, 2012 at 11:50 PM

    JUST BEND DOWN, SNIFF MY VA JAY JAY & ENJOY IT! :p

  11. 11
    Posted by bookmarking service | September 25, 2012 at 3:22 AM

    1QwWNx Great blog post.Really looking forward to read more. Cool.

  12. 12
    Posted by Custom Digital Graphics | October 15, 2012 at 12:33 AM

    I really like and appreciate your article. Keep writing.