<< Rumor: USR is "holding back"... >>
Unlike David, who now resorts to spreading rumor :-), I am bringing back respectability to this thread by posting 2 amazing but TRUE stories:
Smart Money, April 97 page 57:
"Robotics received wide acceptance for its new x2 technology... Steven Levy, a tech analyst at Oppenheimer, is still sweet on the company, predicting a 1997 year-end price target of $130 to $140--up from its current $62 share price."
Levy still hasn't heard about the 3Com takeover but no news is good news to him, I guess.
Same magazine, same issue, page 42:
George Kelly of Morgan Stanley, WSJ All-Star Analyst 3 years running:
"looking for the stock [COMS] to top $52 within a year."
Kelly mentioned the pending marriage, so his price projection took the wedding fully into account, unfortunately, the one stock he picked, chose, and recommended last year was Bay Networks which lost 50% or so within months.
This year will definitely be different because Kelly diversifies and selects 2 stocks: COMS and CSCO.
BTW, the analyst specifically prescribes 'patience'! Considering the daily commotion on this thread, none of us seems to have what it takes. :-) |
