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Technology Stocks : Micron Only Forum -- Ignore unavailable to you. Want to Upgrade?

To: contax who wrote (43352)	2/28/1999 1:06:00 PM
From: Robert	Respond to of 53903

Karim -- In this era of analyst double-talk, an "outperform" rating is the closest thing to a "sell" you will see. Many investment banks have ratings categories that read as follows: "strong buy" "buy" then "outperform" or "accumulate." I also note the importance of Goldman being the first bank to change direction and downgrade MU, and the beginning of the downgrade waterfall (estimate reductions after the bell on Friday by another bank -- Monty I think). Regards, Robert

To: contax who wrote (43352)	2/28/1999 1:42:00 PM
From: John Graybill	Respond to of 53903

Karim, go back to my post of the yahoo upgrade/downgrade history. On that page you will see a translation table for the terms "strong buy", "outperform" etc. mean for every different broker. Some of the brokers are literally incapable of declaring a stock a "sell" -- it is simply not in their vocabulary (Hambrecht & Quist is one example). Also keep in mind that "outperform", even if we take it at face value, would mean only that it will do better than average. But if it drops 20% in six months and the "average" stock drops 25%, it has "outperformed". Careful!