Teradyne Message Board - Msg: 14430496

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Teradyne

TER 185.29

-3.6%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Mr. Aloha who started this subject	9/21/2000 8:17:51 PM
From: Just_Observing	Read Replies (2) of 1184

Some are suggesting the American Way to fix the Prudential downgrade (g): "Any lawyers out there who want to take up this lawsuit? The moron at Prudential made up numbers for target for Orders for this quarter. I have called TER's PR many times and each time they said guidance was $826 million for this quarter. Every time I suggested a higher number, Tom Newman always repeated $826 million. Where did Shekhar Pramanick get his target of $850 to $900 million? And then he has the gall to say that TER will come in with $826 million which is a miss. Of course, it's a miss in your book since you made up the target, you moron. And now we have lost $1.4 billion in market cap. Here is the exact report of his target for orders: He believed Teradyne's guidance to analysts for orders for the third quarter, ending in September, ``is significantly at risk.'' The company has put its outlook for orders at $850 million to $900 million. And as for his sloppy work, here's another example: ``We now believe that orders for the September quarter could come below the orders of $824 million seen during the June quarter,'' Pramanick said in a report. The orders for the 2nd quarter were $826.4 million not $824 million. Why should we pay for Prudential's sloppy work? " messages.yahoo.com What is unbelievable is that just one downgrade (out of 20 or so who follow TER) of the target price based on at least one faulty assumption (I know because I have talked with TER's PR personnel) is enough to torpedo a stock. It's hard to believe that 17% of the market cap just vanished because someone hypothesized that orders may be below $826 million. And what happens if orders are above $826 million this quarter? There is little chance that TER would have recovered to yesterday's closing price even if INTC's warning had not hit today. This downgrade of the target price is an irreversible event and TER's shareholders are screwed.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next