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Non-Tech : Knight/Trimark Group, Inc.
KCG 20.000.0%Aug 17 5:00 PM EST

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To: oilbabe who wrote (4785)10/11/1999 8:07:00 AM
From: gbh  Read Replies (1) of 10027
 
This warning certainly brings into question the issue of trust in this management. I know KP has gotten the benefit of the doubt on the thread, but the quarter has been closed for 10 days. Its doubtful now that the analysts were "steered" downward. And if they were, he certainly did a poor job. Its hard to see how the "change in trading methodologies" could surprise to this extent without management having some inkling at a much earlier date.

It will be interesting to see what impact advertising had on the bottom line. I hope someone questions this expense in the conference call. For a "behind the scenes" company, I still see little or no benefit to shareholders in this spending. I'll state again that this money would be better spent (if it has to be spent at all) in subsidizing the affiliated OLBs advertising expense.

Gary
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