If anyone wants to know why analyst should almost never be followed, they should read this-- he rates apple peer perf in 4/o4 and of course it something like triples-- Brilliant, brilliant-- and the funny thing is that first albanoz analyst are worst-- look at biib, and can give other--now neff put a 25-28 price for syn--- lets see?
Well, you may say, if this Neff were always bear about tech, he might be correct with warning his clients get out of tech on 2000. Let see, what he did at year 2000, in the middle of crash of tech. dated as Oct 16, 2000 http://pages.stern.nyu.edu/~adamodar/New_Home_Page/articles/sixmyths.htm "Demand has remained strong, but not as strong as many more-optimistic investors had hoped. Personal-computer sales, for example, were thought to be able to grow regardless of general economic conditions, as they had through most of the 1990s, says Andrew Neff, an analyst at Bear Stearns Cos. As recently as early August, he told clients to expect a strong second half for PC sales, "driven by multiple factors," including the end of Y2K hangover, Microsoft's Windows 2000, a turn-up in Europe and the launch of Intel's Pentium 4 chip. But then one PC-related company after another shocked investors with warnings of softening business, from Intel to Dell to Apple Computer Inc. Mr. Neff, who used to dismiss such warnings as "company specific," now says he has changed his thinking. " How I love him!