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Technology Stocks : All About Sun Microsystems -- Ignore unavailable to you. Want to Upgrade?

To: John T. Hardee who wrote (8935)	4/8/1998 12:02:00 AM
From: uu	Read Replies (1) \| Respond to of 64865

John, That sure sounds very good and I hope he is right about it. Yet, I wonder exactly how does this guy (Jim Mendelson) comes up with a penny more than expected? And I dont mean just this guy, but in general. How does an analyst come up with the exact estimates (to the penny) for a company when not even the company knows what their earnings are going to be!! For example in this case I am almost certain that not even Larry Ellison knows how much the company is going to make (yet alone to the exact penny), and yet Jim Mendelson knows all about it?!Does he have some psychic connection and/or powers?! Further more exactly what does the rating of Short term Buy and Long Term Hold mean exactly?! Does this mean that we should all start buying now and then hold on to it for ever? If so then what does Short Term Hold and Long Term Buy mean? But perhaps the most important question would be exactly when does this Short Term ends and the Long Term starts? We all know that in the Long Term we all be dead of course, so I certainly hope when these analysts talk about Long Term they dont mean after we are dead! Or do they?!! Analysts are certainly very very interesting, as we all have seen how these new age con artists influence the stock prices. I wonder if Mr. Mendelson will have the same estimates a month from now! Only time can tell of course or when his big shot clients will have dumped their shares in the strength! In any event, I think this will be a very interesting and educational case study and I for one will definitely follow it. Regards, Addi Jamshidi