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Technology Stocks : QUANTUM
QNTM 8.300-4.5%Dec 26 9:30 AM EST

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To: BuySide who wrote (5239)11/19/1997 1:12:00 PM
From: Webb B Blackman Jr  Read Replies (3) of 9124
 
I don't mean to be negative on QNTM, quite the contrary, but just be careful about heeding the top analysts, their paid to be right.

Someone once told me that the job of an analyst was not so much to be right, but not to be wrong. That is why some reports can contain 1000s of words and say nothing. Just like you said in your message, if a member of top management in a company talks to one of his or her personal friends who happens to be an analysts, then that person in management is only looking out for a few stockholders rather than the total and has no business holding his position.

I do not see that having BILLIONS of investor dollars gives a person the right to break the law. Once a companies stock is sold, how does it help the company to give out information that benefits only a few investors? I am not talking about agreeing or not agreeing with the analyst so much as I am saying that the top management of a company should not say the first word about the company unless it is given to everyone. If you buy 1 share of QNTM or 1 million shares, the benefit to the company is the same. That is , there is no benefit. So why should the person who buys the million shares get information from the officers of the company?

--- webb ---
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