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Technology Stocks : Egghead Computer (EGGS) -- Ignore unavailable to you. Want to Upgrade?

To: bc_mack who wrote (6512)	1/31/1999 4:27:00 PM
From: James H. Irwin	Respond to of 8307

<<My comments on Revenue estimates are that nobody talked to management and until you do that all anyone does is hype peoples expectations and basing them on pure fluff. Would management ever really comment on revenue expectations in advance of the release of earnings? I can't imagine that they would. Have you ever approached a company's investor relations dept. with a question such as this in the past? How did you approach the question? How did IR respond? Is there a way you can indirectly ask about revenues and earnings, so as to get an answer from which you can infer an estimate? Would analysts (contrasted to individual investors) normally be able to get this type of information from IR?>> No, most won't, however I remember back a few years I picked up the phone after MRVC came out with an announcement and I called Noam Lotan (CEO), got through and made a ton of money on that one...no analyst coverage at the time...many small companies can be accessible...but I think now with the internet, more people are getting into the faces of management...but it all depends. As for my comments, management may not tell you the numbers they are blessing, but they may tell you if there is a bonafide estimate by an analyst out there...and consequently may give you "some flavor," as to whether its doable or perhaps a bit aggresive. However, in all the postings I saw, people were just throwing darts and trying to hang their hats on them...maybe fun over a couple of beers, but what does it really accomplish, except maybe for comaraderie building. If that is what it was about...great. But how about for the occasional novices out there who happen by...I think its more of a disservice to them...me it doesn't mean one iota because I am looking for whether a company can "beat expectations." Were the estimates established on this thread "real world?" I suspect not. The one estimate I heard about...after the report...was 41 million...and the company exceeded that number. C'est la guerre. Never thought the stock would get down that far, but then I never thought EBAY would get as high as it did. Prices typically go further than any one person expects, both to the up and downside. Example...did you think we would see $10 oil. If you did maybe you should go trade oil futures as part of your overall portfolio.... time for a little super bowling...may your team win!