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Technology Stocks : BAY Ntwks (under House)

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To: George A. Roberts who wrote (3655)1/21/1998 12:49:00 PM
From: StockMan  Read Replies (2) of 6980
 
George,

Analysts are most often wrong. They are the true sheep of wall street.
One cannot control/please the analysts. The fact that BAY beat estimates implies that a number ofr Analysts were wrong about this Q.

Unfortunately Analysts are not accountable for their recomendations. Also they WORK for a SALARY, not BET on their Analysis. Shows how much they believe their own Analysis.

Analysts may have hidden agendas and motivations. (e.g some may not like that Bay is taking marketshare from Cisco!!, while others may not like how House looks).

Bay has done well this Q, and if they continue to execute should do well in the future. The stock price will follow.

Stockman
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