Non-Tech
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Analysts who are really, really bad
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| An SI Board Since March 1998 |
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well, i think we all know the frustration of having some boneheaded analyst make comments swinging a stock in a direction opposite the one we want it to go. this is a group to vent about these morons, and the power they weild with the lemmings.
first on my list is DAN NILES of BA/Robertson Stephens, and TOM KURLAK of Merrill Lynch.
these guys are some of the worst in the semi industry. Kurlak, who is widely considered to be the semi ax on wall st. is one of the brilliant people who thought the outlook for Micron Tech was GREAT last summer. of course, those of us on the MU only thread saw through his rather ignorant and superficial pimping of the stock.
of course, Niles is an idiot in his own league. even Kurlak doesnt have the kind of brass balls this guy has. i think he STILL has a buy rating on MU, which makes me wonder...exactly what does he have on his boss? i mean, if i messed up as bad as this guy does, my clients would run away from me so quick they would make the roadrunner look like a grandmother with a walking frame.
THEN today, on CNBC (well known for its acurate stories and hard hitting questions<G>) this moron from Piper Jaffray was on talking about INTCs problems. oh, what hilarity. his name is Ashok Kumar, and the next time he is one TV anywhere, please let me know. analysts are supposed to KNOW little things like, oh....i dont know... the name of PRODUCTS that company's they track ship. Ashok, if you're listening, its CELERON, not covington that is INTCs new P2 for sub1k computers. also, you might want to check with the company, but they arent integrating cache into the bottom line version. maybe you should actually try working instead of just regurgitating dataquest reports.
well, thats about it for my vent thus far...but i am sure tommorow will provide much to talk about.
good luck to all,
trey
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