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| | Study: 'Whispers' shouting all the way to Wall Street (Site not responding. Last check: 2007-10-08) |
 | | The study, by Susan Watts, assistant professor of management at Purdue University, Mark Bagnoli, visiting associate professor of finance at the University of Michigan, and Messod Daniel Benish, associate professor of accounting at the Kelley School of Business at Indiana University, will be presented at a conference in Hong Kong in June. |
 | | Watts and her colleagues compared 943 whisper forecasts, culled mostly from Web sites and electronic bulletin boards, and more than 3,500 traditional analyst forecasts (provided by First Call Corp., a division of Thomson Financial Services) for the same 127 firms over a period from January 1995 to May 1997. |
 | | For example, Watts says the analysts' forecasts often were released on First Call during the first week of a new quarter, with revisions of forecasts occurring relatively infrequently. |
| www.purdue.edu /UNS/html4ever/9805.Watts.whispers.html (702 words) |
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