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To: Smart Investor who wrote (15960)12/9/1998 12:19:00 AM
From: trouthead  Respond to of 27307
 
So if Kurlak can make statements about INTC future based on REAL fundamentals and be wrong by a mile, why cant these guys be right? Doesn't appear to me that the analysts whose opinions are based on suposed reality do any better.

jb



To: Smart Investor who wrote (15960)12/11/1998 11:54:00 PM
From: larry  Respond to of 27307
 
A few days ago, a guy downgraded INTC while raising 12-month target price sharply. I will definitely call that crazy practice.

Same things goes with the EBAY underwriter raising 12-month target to 150 without raising EPS estimate. Will the same guy raise the price again to, say, 300 in the near future while cutting EPS?

larry!