SI
SI
discoversearch

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 : Oclaro, Inc. (Avanex-Bookham)
OCLR 8.2600.0%Dec 10 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Stefano who wrote (886)11/11/2000 7:52:25 PM
From: Raymond Duray  Read Replies (1) of 2293
 
Generally, I discount any projections beyond 18 months. Unless a company is writing the standards and leading an industry. Even then much of any projection is based on wishful thinking. Recall that if you were to examine the First Call data historically, there is a very strong bias for analyst's projections to be lowered when we get closer to the period in question. It is a very strong bias, with coming in below distant projections by a margin of about 5:1.

I have read Smart Money in the past and my feeling is that it is a fine introduction to the investor who feels like dabbling in the market. A more thoroughgoing presentation is available from First Call. And independent research, as provided by organizations such as Sanford C. Bernstein and Piper, Jaffrey are valuable to the retail investor since they have less industry bias.

Other sources you might consider are Current Analysis and CIR (Communications Industry Researchers).

I will assure you that these and other independent research organizations have a view of the industry that is rather less sanguine than that generally provided to the public, by Smart Money, the wire houses and the research shops who's revenues depend on the industry. Even Current Analysis has been noted as not having clean hands. But I still feel they have a fair-minded approach to the industry.

Best, Ray
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News