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Technology Stocks : IRID - Iridium World Communications IPO Announced!
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To: Nero who wrote (430)3/10/1998 4:02:00 PM
From: Bobby  Read Replies (1) of 2693
 
What exactly is the point of initiating coverage if you don't have anything good to say about the company. I can see the point when the analysts downgrade on non performance but initiating coverage on a hold/neutral is going to achieve what? Get their clients in when the price drops!!?

> Morgan Stanley Dean Witter began coverage today
> with a neutral rating -- IRIDF fairly priced at this
> level. Gee, thanks -- that's really sticking their
> necks out.
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