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 (31398)	3/29/1998 5:45:00 PM
From: Thomas G. Busillo	Respond to of 53903

John, fascinating isn't it? The numbers go down noticeably (even after you factor in the -.17/18 consensus v. the .-41 actuals, which is going to account for .23 of the FY'98 changes; however, that doesn't explain FY'99) and yet the minute someone does something that's deemed "fit for public consumption", we're going to see something on CNBC, Reuters, DJ and some viewers or readers are going to be left with the impression that this was the first bit of analyst activity on MU since the last time they mentioned it. You can get into the argument about what is "newsworthy" etc. or point out some of the constraints the financial press operates under, but those are exactly the factors that allow firms to get away with it. Of course, these firms have no legal obligation to tell the public when its analysts change their numbers. However, the press does have an obligation to report not just whatever "truth" gets phoned, faxed, or e-mailed in, but the whole truth, in this case hypocricy of a magnitude that reasonably questions credibility. I think it would be terrific if someone working at a major media outlet went out there and managed to find out who changed and who didn't. It shouldn't be that difficult, right? 17-18 phone calls? One simple question? But I guess the firm reaction is "that's private client research". Sure, it's private until someone decides that making it public is in their best interests. Good trading, Tom