S1: Doing Business in a Dot Com Depression, -V1 Message Board

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Technology Stocks : S1: Doing Business in a Dot Com Depression, -V1

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To: MGV who wrote (853)	6/19/2000 6:39:00 PM
From: Oeconomicus	Read Replies (3) of 1013

The revised revenue projection is simply an excuse. Analysts are generally incapable of admitting they are/were wrong (i.e. thinking that multiples would forever expand), so they can't reduce their price targets from what were, from a long-term/normal market perspective, unrealistic levels without finding some justification that makes it appear the company has stumbled and they/we were, somehow, let down. Fundamentally, the company's position and outlook have never looked better. The only problem is that the market mania that took us to the $140s seems to have been the manic half of a manic/depressive disorder. JMO, Bob

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