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Technology Stocks : Adobe (adbe) opinions
ADBE 356.43+1.7%3:59 PM EST

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To: Mike Connolly who wrote (1798)9/27/1997 12:09:00 PM
From: Senthil Sankarappan   of 3111
 
Mike, Thanks for the article. I also read in WSJ interactive that one of the analyst was complaining that ADBE earnings reports are very inconsistant. Looks like these guys want very clear guidance from management. Hmn... shouldn't these guys be looking beyond what management says. i.e shouldn't they be doing the product sell throuhs in the channel, market changes, bullish signs from the management like the 20% share buyback etc etc. Isn't it surprising that these analysts miss their buy recos when the stock is a real good buy, wait, wait and wait and finally issue the recos when the stock is really high. I don't know, I really don't like these analysts. I have seen their screwups enough. Almost all the time i have seen, they upgrade when the stock is at a higher price and downgrade when the stock is low. I still can't understand how a stock could be attractive at higher prices and less attractive at lower prices.... No wonder Peter Lynch was teasing these analysts in his book "one up on the Wall-St". I think he said "These analysts always miss the first 80% of a stock movement and go for the final 20%". :-)

Oh. Well. Patience has already paid off the ADBE share holders and i think it will continue to payoff more. I think the current share holders will be the final winners when these analysts eventually upgrade ADBE ;-)

Good Luck to all
-senthil
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