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Technology Stocks : Dell Technologies Inc.
DELL 120.53+0.7%Jan 16 9:30 AM EST

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To: On the QT who wrote (88152)1/8/1999 10:45:00 AM
From: Chuzzlewit  Read Replies (1) of 176387
 
QT: you raise some interesting points, but I have a different perspective than you. I believe that the price of any stock is based on the collective perception of the investing public concerning the earnings outlook for any particular company. This perception is guided in part bay analysts, but it is also guided by rumors and gossip, including what we opine here. Collectively, these sources of intelligence constitute the whisper number.

The idea of an "official" whisper number is silly, because it has a life of its own. That would be like trying to certify some rumors as "official". So I think that the idea of manipulating a whisper number is nothing more nor less than trying to manipulate rumors and gossip.

What should be clear to all of us is that "analysts" expectations are manipulated all the time by two forces: first, the companies themselves wish to manage investor's expectations by setting the bar low enough so that they can consistently produce "earnings surprises"; second, by the brokerage houses who are loathe to issue honest analysis for fear of losing a real or potential banking relation.

TTFN,
CTC
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