Does anyone know the actual Oppenheimer estimate numbers from their coverage initiation? My latest First Call info (12/23) shows the 4Q97 mean at 0.08, FY97 at (0.25) and FY98 at 0.50. I'd like to average in the Oppenheimer numbers and see if they revise the consensus up or down.
BTW, my philosophy is not to pay too much attention to what the recommendations are. Regardless of what word the brokers use to describe their opinion about the "buyworthiness" of a stock, they can't dispute the earnings numbers, which is what this all boils down to. I've watched the FY97 consensus estimates grow from 0.00 to 0.08 and FY98 estimates from 0.34 to 0.50. Growth like this is not insignificant. There's "smart money" and "dumb money" out there. The "smart money" will be reading the EPS growth numbers while the "dumb money" just blindly listens to brokerage recommendations.
Regarding the briefing.com commentary, it is likely that whoever wrote about "suffering" is either (A) not actually familiar with 3Dfx, (B) has confused 3Dfx (TDFX) with 3DLabs (TDDDF), or (C) briefly looked at the numbers up to 3Q97 and has no clue about the 4Q turnaround.
So far, shorts haven't really played much part in TDFX price. Follow the link I posted sometime back and you'll see that not that many shares have been short, and they can pretty much cover in a heartbeat if they need to.
Piranha |
