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Non-Tech : Bill Wexler's Dog Pound
REFR 1.540-1.3%Dec 12 9:30 AM EST

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To: Ben Wa who wrote (8246)8/28/2001 1:51:43 AM
From: Larry Brubaker   of 10293
 
CIBC is VLNC's investment banker. Shortly after they were paid by VLNC to sell shares, their "analyst" predicted $150 million in revenue for VLNC in the current fiscal year. VLNC itself is now saying $8-$10 million (and isn't saying that $2.5 million of this predicted "revenue" is simply an accounting adjustment). Nevertheless, CIBC hasn't lowered the $50 "12-month target price" it has had on the stock for 18 months now.
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