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To: GVTucker who wrote (65059)9/18/1998 12:31:00 PM
From: Paul Engel  Respond to of 186894
 
GVTucker - Re: "The fact remains that at this time last year, the average estimate for FY98 was about $5.00. "

Yet another good demonstration that most analysts have no ability to forecast future earnings.

Paul



To: GVTucker who wrote (65059)9/18/1998 9:10:00 PM
From: John O'Neill  Respond to of 186894
 
GVTucker...IMHO you are right about the earnings estimates ....it is fortunate that we have the "groupthink" which you see on this tread. It make this an excellent opportunity to short INTC and MSFT. This would not be possible if there were not ample of devotees to INTC roulette to give us these high prices to go short. I did this with great success on Coca Cola & Gillette...Coke devotees are more devoted that the INTC ones, no matter what the price.

JO