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Technology Stocks : Semi Equipment Analysis

SOXX 309.40

+1.0%

Dec 5 4:00 PM EST

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To: Gottfried who wrote (3907)	7/9/2002 10:40:52 AM
From: The Ox	Read Replies (1) of 95531

CNBC showed a chart of WCOM price with Grubman's recs added. The buy rec when WCOM was $20 before the bubble was OK. The rest stinks and I hope Grubman rots. CNBC's showing of the chart probably opened a few eyes. One way CNBS could improve their approach and credibility would be to do this every time they report an analyst's rating revision. Right now, they report these changes like they are "news", as opposed to reporting these changes as someone's editorial. CNBS uses these editorials as though it was "real" news. Sure, an analyst's call may move the market and therefore they view it as news but they don't report it properly, imo. What's more astounding to me are the times they appear do the reverse with actual/"real" news, which they report as though it were someone's opinion!?! This is one of the reasons I rarely watch their program during the trading day. For recaps or pre-market information, it's worth watching on occasion.

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