Oftentimes, conference call analyst participants tend to hold back on asking more obvious straightforward in-your-face type questions.  They instead avoid them for fear of breaking decorum and instead dive into minute details.  But it doesn’t happen that way all the time, and perhaps Wall Street needs more female analysts who will cut through the nonsense.

Case in point, a small up-and-coming technology company with a specific focus on mobile communications software, Smith Micro Software, Inc [NASDAQ:SMSI].

Lauren Ye, a sell-side analyst at JP Morgan, couldn’t help herself but to ask a simple obvious question on why the company did not raise full year revenue guidance even though they beat all analyst earnings and revenue expectations for the quarter:

My next [question] is just around guidance. So, Q1 you exceeded, it sounds like your internal expectations. I know you are reiterating guidance. I just want to make sure is this a function of you just trying to stick to the plan and you wanted to give new guidance at the midpoint of the year, or is there some business-oriented change that might have required you to move some revenue forward, I guess?

Bill Smith, the co-founder and CEO whose name the company retains, responded by suggesting that their guidance wasn’t all that dependable:

[T]he key point is that we said we would review it at the midpoint of the year. We tend to be a little conservative at times and don't want to get in front of the market. Obviously we're…