Nortel Networks (NT) Message Board

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Technology Stocks : Nortel Networks (NT)

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To: Larry S. who wrote (7496)	10/24/2000 11:58:00 PM
From: Dave Gore	Read Replies (2) of 14638

QUESTION - If a Company was expected to grow 100,000% and missed by 1% would analysts be disappointed and tank the stock? Conversely if a competitor was expected to grow 10% and announced growth of 11% would that stock skyrocket? We seem to be getting way to out of whack here. If NT expects to grow earnings by 40% next year, it seems to me that should be truly amazing performance in anybody's book. Can you tell, I think virtually all analysts are worthless. If they set impossible whisper numbers they can cause a company to fail. Conversely if they keep expectations low, they can make their fave stock go up. By the way, whoever started whisper numbers anyway? Seems like the consensus should be the consensus. How anyone can be disappointed about not a Company not meeting a whisper number ought to have their head examined. CNBC has spoken about how badly analysts have been reacting with their up- or downgrades. My favorite example are those analysts that set extremely high price targets on the dot.coms some time back (like Priceline of $100 per share) and then finally downgrade them when they hit $6 or $7. LOL!

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