Re: <<I frankly do not think the SEC is going to be of much help, no matter how many letters we send. The chairman, Mr. Leavitt, talks convincingly about leveling the playing field for the individual investor, but nothing is ever done about the situation, to my knowledge.>>
Zurdo,
Sadly, you are probably correct. The brokerage houses and analysts like the status quo. Don't look for them or SEC to initiate any changes without numerous complaints. Most individual investors don't realize (or they don't care) the advantage analysts gain by having access to top management.
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Barrons - Compaq's Friday earnings warning followed cautionary comments earlier in the week from its chief financial officer, Earl Mason, at a Merrill Lynch technology conference in San Jose. We can't tell you precisely what Mason said -- Merrill didn't let any journalists in, and Compaq can't seem to find a transcript of his remarks.
Hmmm. Merrill wouldn't let any journalists in. Could it be they wanted the information all to themselves.
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Barrons - CompUSA's stock plunged 6 1/2, or 20%, Apparently, CompUSA disclosed this information by dribbling it out to analysts before releasing it to the public.
Hmmm. I wonder if CompUSA's individual investors are upset. Or do they just sit there and say oh well thats okay, at least CompUSA eventually told us.
Dale |
