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Technology Stocks : Oracle Corporation (ORCL) -- Ignore unavailable to you. Want to Upgrade?

To: JakeStraw who wrote (17109)	6/4/2002 3:22:00 PM
From: MeDroogies	Read Replies (1) \| Respond to of 19080

Their "professional" opinion is what I've always questioned. How many have actually worked in the industry they are analysing? I'll tell you a quick story about my own industry, then one about a friend of mine who is an analyst. 1. I work in media and helped to take a company public. My work entailed pulling together revenue information to provide to the analysts, while preparing presentations on distribution and reach of the media in question. Anyone who works in media understands that households are meaningless from a sales standpoint, and that demographics are the key to sales. Hit the right demo, and you'll make wads of cash, particularly if you hit it well. The analysts didn't understand this concept at all. They continued to talk about households EVEN AFTER I'd done a presentation pointing out how that was misidentifying the source of cash. 2. My friend - nice guy, good looking, hard working and Wharton School grad. Hired as an junior analyst by a major firm to assist in the banking sector. Out to drinks with him one night and talking about home loans. Didn't know what an ARM was. Now...here's a guy specializing in the banking sector and didn't know what an ARM was. A Wharton grad, no less. Hmmm.....gotta wonder. He's now a top analyst at another firm in the mid cap telecoms. How many years had he spent in banking or telecoms? Grand total of zero. These guys are number crunchers, some are technical analysts. Others are guys who base their calls on charting. It's a shell game as far as they're concerned. CNBC just makes it worse, and only raises the stakes.