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Technology Stocks : Seagate Technology
STX 320.32+2.6%Jan 15 4:00 PM EST
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To: Robert Douglas who wrote (6225)11/5/1998 11:39:00 AM
From: Kevin Linder  Read Replies (1) of 7841
 
Wiliam;

A perfect example of why analysts reports should be viewed with a healthy dose of skepticsm is the way they were jumping all over the DD sector the first of last year. SEG, QNTM, WDC and others were all rated as very strong buys at or near their highs. Fundamental analysis was telling people there may have been overcapacity, but, most analysts were too gun shy to stray from the pack and verify/deny the indicators.

Thus many people were snuckered by Wall Street firms. Another reason that the internet and the various research sites have gained in popularity over the past several years.

Kevin Linder
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