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Technology Stocks : Micron Only Forum

MU 285.43

-2.5%

Dec 31 3:59 PM EST

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To: yousef hashmi who wrote (38939)	9/23/1998 5:04:00 PM
From: Thomas G. Busillo	Read Replies (3) of 53903

Yousef, Merrill's Vice Chairman had an interesting quote in today's WSJ: The do-it-yourself model of investing, centered on Internet trading, should be regarded as a serious threat to Americans' financial lives. This approach to financial decision-making doesn't serve clients well and it's a business model that won't deliver lasting value. I'm glad Mr. Steffens is looking out for my well-being. I feel compelled to return the favor: The swing-for-the-fence-and-hope-you-don't-strike-out model of securities analysis, embodied in Merrill Lynch semiconductor analyst Thomas P. Kurlak, should be regarded as a serious threat to investor patience. This approach to professional responsibility doesn't serve the investing public well and it's a research model that will continue to deliver technology underwriting to Merrill's competitors. I wouldn't be at all surprised if a few people at Merrill agreed with that statement <g> Good trading, Tom

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