I'm shocked, shocked that there's corruption going on here!
Thread,
Here's something that puts some flesh on the bony work of the analyst crowd:
americasnetwork.com
Selected quotes:
...regarding the enterprise of business forecasting.
“Well,” she says at length, “let me put it this way. Shame on anyone who bases a business decision or an overall business strategy on the word of an analyst. Their reports are only meant to impress the uninitiated.”
“So you don’t use them?”
“I didn’t say that. Actually we use them quite a bit, or maybe it’s more accurate to say that they use us.” She pauses. “We spend about $300,000 per year on analyst services. The firms have a function. It’s just not the function that they represent.”
And what function is that, I ask.
“Well, you might say that they provide protection, kind of like a mobster. If you don’t pay them a retainer they might disparage you in their reports, or worse, fail to include you at all, which might make it hard to secure additional financing.
$$$$$$$$$$$$$$$$$$$.00
Every individual interviewed for this article agrees that such blackmail is a fact of life in the telecom industry. One individual, the president of a broadband microwave company, declares, “I’m afraid of the analysts, and at the same time I’ll admit that I’m eager to win their support. I shell out tens of thousands of dollars a year to attend Gilder conferences
$$$$$$$$$$$$$$$$$$$$.00
You get the picture.....
Ta Ta, Forn Ough :) |
