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To: Elwood P. Dowd who wrote (52958)3/12/1999 9:01:00 AM
From: rupert1  Read Replies (1) | Respond to of 97611
 
El: Maybe you should invest in the analysts - you seem to have more faith in them than in the company you own.



To: Elwood P. Dowd who wrote (52958)3/12/1999 9:02:00 AM
From: Kenya AA  Respond to of 97611
 
El:didn't analysts lower their rev estimates from something like 10b to 9.7 or 9.8b after EM's comment? How can they do this without specific guidance?

I think a lot of the rev estimate lowering was due to the devaluation in the real, something the analysts could calculate relatively easily.
However, I recall that there were differing opinions on this topic as well.

K


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