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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: GVTucker who wrote (84825)	7/2/1999 2:19:00 PM
From: Burt Masnick	Read Replies (1) \| Respond to of 186894

The name of the game in analystworld is to become known as "The Axe" for a stock or an industry. An Axe can move a stock 5% in either direction merely by pronouncing a position. The reward for being "The Axe" for a major stock is an income in $3-5 million/year territory. Nice pay for indoor work with no heavy lifting. That's because of the publicity and business that an axe routinely generates for his/her parent company. Kurlak was The Intel Axe before he became a laughingstock. Being a laughingstock is not good for your career at your current employer and you move on. Note that being an axe has little to do with the fundamental soundness of your positions, merely your ability to perform self-fulfilling prophesy in appropriately rational-sounding phrases. Dan Niles seems to want to be the Intel Axe, a position recently vacated. Abby Joseph Cohen has become the de-facto overall market axe. Usually, but not always, an axe actually has established a fair track record. It is very bad careerwise for an axe to be dead wrong. Multiple times. In a row. Lets see if Niles rethinks in the next 3 months.