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Pastimes : Analysts Exposed- Jamie Kiggen (DLJ)

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To: quote 007 who wrote (128)12/3/2000 9:02:19 AM
From: opalapril   of 263
 
Naming names.

Memo to Analysts: Thanks for Nothing
New York Times
Dec. 3, 2000
nytimes.com

"We, your customers, are writing this memo today to tell you that, if it were up to us, most of you would be fired.

"Your inability to see trouble at a company when it is staring you in the face — so that you could alert your customers to problems before their stocks plummet — has cost us billions of dollars in recent weeks. Your performance is a disgrace.

* * *

"Of the 13 analysts that asked questions on the call, six were careful to congratulate Gateway first. The applause came from Donald Young at PaineWebber, Richard Gardner at Salomon Smith Barney, Gillian Munson at Morgan Stanley Dean Witter, Dan Niles at Lehman Brothers and Kevin McCarthy at Credit Suisse First Boston. Nobody's clapping now."
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