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Technology Stocks : LAST MILE TECHNOLOGIES - Let's Discuss Them Here
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To: MikeM54321 who wrote (11142)4/29/2001 9:37:21 PM
From: j g cordes  Read Replies (1) of 12823
 
Re.. "It's just amazing to me these SAME firms valued telecom equipment startups in the BILLIONS of dollars. Yet one year and a couple of months later, you can hardly give them away. What happened to all their projections?"

Analysts are poster boys to solicit business. They're not predictors of the market or stocks, their JOB is to attract customers to the brokerage.. nothing else.

So its not out of step for them to always be adjusting their targets after the fact so that they always appear to have been correct in their call... analysts are just another form of brokerage advertising. Thin on truth, big on promise.
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