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Technology Stocks : Seagate Technology
STX 282.86-0.9%Dec 9 4:00 PM EST
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To: Z Analyzer who wrote (4117)11/18/1997 1:36:00 PM
From: jas cooper  Read Replies (2) of 7841
 
Changes in earnings estimates are simply confirmations of what people already know about short term trends.

What possible meaning, and through what prediction method, can someone infer that a company will make a penny more in a year that end in 1999. That's like the weatherman predicting that there will be on more cloudy day the same year.

Analysts and weathermen share about the same accuracy in forecasts. They both do much better after the fact...
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