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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Techie who wrote (25572)	11/10/1998 9:53:00 PM
From: OtherChap	Read Replies (1) of 164684

Analysts/Movie Critic analogy: Here's why the game is almost up with the underwriters hyping their own stocks.. Imagine if Gene Siskel received 20% of all the profits on movies made by Paramount studios. Now imagine that he kept giving wildy enthusiastic reviews about every movie Paramount made, and then further imagine that all the other reviewers saw this happening and wanted to get paid by Paramount in the future, so they wrote glowing praises of any Paramount movie. Now imagine that for some reason, the general public didn't know that Gene Siskel was being paid this money. Even though it was disclosed in an obscure filing with the FEC for anyone to see. Now imagine that the newspapers and TV shows that ran his reviews knew he was being paid, but never pointed that out to their viewers. Now, imagine that through some huge media scandal, the truth was revealed. Do you think _anyone_ on the entire planet who knew this would trust Gene Siskel's reviews anymore? Now, stop imagining and wake up to the fact that this is exactly how the brokerage/analyst/internet IPO system currently works, except for the last "imagine."

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