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Technology Stocks : Help Desk Software Niche (RMDY, INFR, SWRT)
VNTV 77.60+2.6%Jan 12 4:00 PM EST

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To: Shege Dambanza who wrote (112)7/24/1997 8:28:00 AM
From: Mike Buckley   of 135
 
>>Beating estimates ain't what it used to be.<<

Good point. Especially with some of these stocks that are primarily followed by the investment bankers that brought them to market, those investment bankers can't afford to embarrass themselves by having the stock underperform their estimates. I think the tendency in those cases is for the analysts to be safe in their estimates.

When a company does underperform estimates it means more to me than when one outperforms. For those wondering why Clarify continues to languish, one reason might be that it is the only stock so far that failed to meet estimates.
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