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Technology Stocks : LEGATO SYSTEMS LGTO
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To: Chuzzlewit who wrote (805)2/11/2000 5:39:00 PM
From: Edwarda  Read Replies (1) of 1138
 
Chuzz, as you know, both "buy-side" and "sell-side" analysts are real living people. People who were bagged by companies such as IFMX and NETA--despite hard digging and serious examination of the public information--and whose entire livelihood rests on not getting killed too often are understandably going to back off. The "sell side" must because of credibility and reputation, to say nothing about being beaten up by the sales force and the clients. The "buy side" does the same out of fear that that the "cockroach" theory might obtain, losing the people in mutual funds, IRAs, etc. even more money.

BTW, there is a rumor that this quarter might be light. A totally unconfirmed rumor that I heard about an hour ago. IMO, it is too early in the quarter, but I pass it along.
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