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Technology Stocks : Cymer (CYMI)

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To: Elwood who wrote (4080)9/29/1997 1:24:00 PM
From: Ian@SI   of 25960
 
Good response from Carl J. - and a very different tone from the
article which was posted on this thread last week. However, I still
don't believe that we should regard analysts as deities - not even
Brett Hodess.

The Wall Street Journal rates the actual performance of the analysts.
Neither Brett H nor Jay Deahna made the top 5; and those that did make
the top 5 didn't look like they deserved our worship neither.
Note a median return of 29% when the S&P 500 was up by more than 36%.

The leaders were:

Stock-Picking Skill -- (of 30 analysts in group; median
return 29%)

Name Firm Return
David Wu* ABN AMRO/Chicago 100
Larry
Borgman Josephthal Lyons Ross 61
William
Milton* Brown Brothers 60
Mark
Edelstone Prudential Securities** 51
Rajiv Chaudhri Goldman Sachs 44

*Winner in more than one category
**Now with Morgan Stanley

Estimate Accuracy -- (of 30 analysts in group)

Name Firm Factor
Michael
Gumport Lehman Brothers 0.69
Scott Randall SoundView Financial 0.70
William
Milton* Brown Brothers 0.73
David Wu* ABN AMRO/Chicago 0.78
Thomas
Kurlak Merrill Lynch 0.79

FACTOR compares the analyst's performance relative to the Consensus of
all analysts. i.e. - a FACTOR of 1 means the analyst did as well as
the consensus. Less than 1 is better, more than 1 is worse.

Ian.
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