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Non-Tech : Any info about Iomega (IOM)? -- Ignore unavailable to you. Want to Upgrade?


To: Naggrachi who wrote (44725)1/23/1998 12:13:00 AM
From: Michael Coley  Read Replies (1) | Respond to of 58324
 
RE: Downgrades Tomorrow?

Zead,

>> I'm really expecting a couple of downgrades tomorrow which is why I don't beleive we will recover from today's price decline. <<

If we see downgrades tomorrow, you'll know which analysts not to listen to. It should take days to dig through the transcripts, make appropriate refinements to their models, develop contingencies, and recalculate projections.

I expect to see adjustments to estimates over the next couple weeks. I expect some to be up as well as down. Current estimates call for a 40% EPS growth in 1998, a 30% EPS growth in 1999, and 32% long term EPS growth. Those should prove to be low.

- Michael Coley
- wwol.com