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Politics : Ask Michael Burke
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To: Knighty Tin who wrote (54542)4/4/1999 6:43:00 PM
From: Don Lloyd  Read Replies (1) of 132070
 
MB - (Edelstone noted that in the fourth quarter, only 24 percent of semiconductor companies reported earnings that were below Wall Street's expectations, compared with the first half of 1998, where more than half of the chip makers were missing their numbers, amid one of the most severe industry downturns.)

In other words, more than an additional 25% of chip analysts managed to update/downgrade their leak-inspired estimates before the actual reports appeared in spite of the enormous effort required in finding a hedge fund to join. -g-

Regards, Don

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