— Eric Auchard is a Reuters columnist. The opinions expressed are his own –
That’s the situation virtually all of Europe’s biggest technology, media and telecoms executives found themselves in when making presentations at Morgan Stanley’s annual technology, media and telecoms conference, the season’s biggest industry gathering, with 75 speakers over three days ended Friday.
Investors generally consider company executives and the stocks they represent to be guilty until proven innocent. But even those that cry out and say they did nothing wrong, and that business looks good, sell off.