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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Box-By-The-Riviera™ who wrote (74426)	3/2/2001 10:09:45 AM
From: Earlie	Read Replies (2) of 436258

Joel: Trust me, this stuff is underway. Milberg Weiss, the biggest, nastiest legal firm that specializes in sueing publicly traded companies for improper disclosure, is on to this thing big-time. Other smaller legal slime shops are also rubbing their hands in anticipation. I am no friend of the MWs of this world as I see them as extortion organizations to some extent. But I have been saying for some time that they have targetted the wrong folks and that they ought to take aim at the analysts and their firms. They are beginning to do this. There are implications to all of this. It was MW activity that eventually led to the emergence of "warnings". When this was subverted by Wall Street (the analysts got midnight phone calls,..... "pre-warnings" as it were, which allowed them to reduce their estimates, which in turn allowed companies to "beat the estimates"). Then the SEC stepped in and put an end to "analysts-only" communication. Might these up-coming legal soap operas see the analysts' BS brought to an end as a result of brutal class action law suits? Time will tell. Best, Earlie

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