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To: TTOSBT who wrote (52068)4/4/1998 3:27:00 PM
From: Glenn D. Rudolph  Respond to of 186894
 
The logic of these announcements baffle me. Does this statement indicate, "I was
WRONG when I said INTC would earn $4.17 for 1998 and $4.88 for 1999. But now I'm
right that they will earn $3.47 for 1998 and $4.21 for 1999, until and unless I change
that sometime henceforth!"

That is exactly what it said.

Glenn



To: TTOSBT who wrote (52068)4/4/1998 7:42:00 PM
From: Paul Engel  Read Replies (3) | Respond to of 186894
 
TTOSBT - Re: "Does this statement indicate, "I was WRONG when I said INTC would earn $4.17 for 1998 and $4.88 for 1999.

You have zeroed in on the fallacy of all these analysts. They react to current situations and make their predictions based on the most recent "spilled beans".

However, they never admit being wrong. They just "update" their estimates.

That is why they are analysts - and not investors.

Paul


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