WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 160.04

+5.2%

Nov 5 3:59 PM EST

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To: Art Bechhoefer who wrote (18404)	1/23/2001 9:35:18 PM
From: Bob Kim	Read Replies (1) of 60323

Art, I don't find it unusual for a firm's trading desk to be active in a stock that has been upgraded or downgraded. I would expect it. That said, for their personal accounts, ML employees have to wait 24 hours before they can act on a stock that has had a ratings change. It is not uncommon for ML sell-side analysts to disagree with the portfolio managers and buy-side analysts in the asset management division. Typically, the asset mgmt side thinks it has access to better information. I don't quite understand ML's coverage of SNDK. Even in the very beginning it was handled strangely. Nevertheless, a 2-1 rating is pretty high. In fact, ML's Accumulate and Neutral-rated chip stocks are mostly killing the Buy-rated stocks in performance this year. Instead of trying to prove a scam, I think there is a lot of questionable material in the research itself. I'd imagine that a skillful litigator could bring some of the analysts to their knees pretty easily.

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