BGR, Nice to see you still never read the original documents and only quote misstated summaries. Here are Steve's actual words about growth last year from the Merrill research notes: "Revenue growth was just 6 percent in 1997 and 1 percent last year, according to Dataquest." No, I do not read 5% as 1%. I do read 1% as 1%. Reuters somehow mangled the numbers or they averaged 1% and 6% and got 5%. <g> More likely, they are talking about the market growing in the future according to Merrill's forecast, which is how I read it. CBS Market Watch got it right in their report at 10 AM yesterday. I have no URL for Merrill, just hardcopy. I'm sure if a big hitter like you drops by the office, somebody will give you a copy.
Your typically nasty comment about legal fiduciary requirement is nonsense. Merrill is a stock flogger. I am not. Merrill is quoting Dataquest. Dataquest is wrong. As usual. They cannot sell negative growth reports to the industry, so they fudged the "estimate" and came up with 1%, which is as low as they can go and still sell product. End of story.
He also said, in the original research report, that he did not think these predictions of double digit growth in revenues by the market research firms were likely to come true.
You really ought to do some research before writing such flapdoodle. <g>
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