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Technology Stocks : Qualcomm Incorporated (QCOM)
QCOM 165.07-1.0%Nov 18 3:59 PM EST
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To: Webster who wrote (18103)11/10/1998 8:56:00 PM
From: Asterisk  Read Replies (1) of 152472
 
Webster: My comments were meant to say that the company does have some responsability to communicate with the analysts, that always was, is and will be the absolute truth. The question I think is how much and what do they have to tell them. There is a difference between communicating how well you did in the past quarter and giving what could be considered insider information or what some call "guidance". Gregg and the other analysts earn their money by keeping their ear to the ground and getting all of the inside industry info. They look at a specific companies, assets, performance, and future possiblities. If they need to ask (almost beg during the last cc) questions that are so leading that there can be no misinterpretation of their meaning or intention are they really doing their job that they get paid for or can you and I get the same information and not pay them a penny?

I think that many of the analysts have begun to overstep and be just the leaders of the herd mentality. Instead of doing their homework like Gregg and a few other truly worthy analysts do all they do is regurgitate what the company has spoon fed them! I can do that, that is NOT what they are paid for. As far as a game goes this is exactly the definition of a game. The only problem is that the analysts want to write the rules in their own favor and QCOM is not allowing them to. Instead of the analysts accepting what the Q is doing as an honorable and worthy thing and doing their own homework and making contacts to get the info they are saying: "if you don't bare all then we'll give you a bad rating and take our ball and go home! Nyeah!" What kind of BS is that?
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