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

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]

(hidden for your protection)
Show all comments

12 Responses to “Phil Falcone: Shut Your Mouth When You’re Talking About Me”

  1. guest says:

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

  2. Anonymous says:

    I thought I’d turned it around, too.

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

  3. Guessed says:

    I thought it was Lisa?

  4. Mathman Prophecy says:

    Cell phones are the wave of the future.

  5. Anonymous says:

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

  6. Chuddy says:

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

  7. Benhar72 says:

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

  8. Alexbhayes says:

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


  10. 1QwWNx Great blog post.Really looking forward to read more. Cool.

  11. I really like and appreciate your article. Keep writing.