Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: John Graybill who wrote (46712)	6/24/1999 11:25:00 AM
From: phbolton	Read Replies (5) \| Respond to of 53903

PaineWebber analyst John Lazlo said he would maintain his ''buy'' rating on the stock but had revised his fourth-quarter and full-year earnings estimates. He now expects a fourth-quarter loss of 14 cents a share and a full-year loss of 35 cents a share. Previously, Lazlo had expected the company to report a profits of 26 cents a share in the fourth quarter and a profit of 13 cents a share for the year. So just what does this "buy" rating mean? If his estimates are so inaccurate why believe his rating? This is almost (but not quite) as bad as Gruntal. If someone with a strong buy has an estimate for next quarter at -0.14 where does this put Skeets?