Formerly About Applied Materials Message Board

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Politics : Formerly About Applied Materials

AMAT 267.08

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Dec 9 3:59 PM EST

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To: StanX Long who wrote (59568)	1/29/2002 3:14:31 AM
From: Sam Citron	Read Replies (2) of 70976

Anyone who watched analyst Dan Scotto's interview with Consuelo Mack on CNBC this evening will never again listen to Wall Street sell side research without questioning its fundamental integrity. Dan was a top utility analyst who was fired from BNP Paribas a few months after writing a negative report on Enron. Now that he has decided never to return to Wall Street, he tells the dirty secrets of how analysts have to tone down their criticism of companies, or simply say nothing negative, due to their firms' incestuous investment banking relations with the companies they cover.

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