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Non-Tech : Wit Capital Group Inc - (Nasdaq - WITC) -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (710)	7/20/1999 9:51:00 PM
From: Elroy	Read Replies (2) \| Respond to of 845

Question for the thread - what's the value of Wit's Research? Looking ahead, Wit's seeking wider distribution for the content coming out of its 15-analyst research department. The push could take the reports to portals and other content providers as Wit aims to reach investors. Readmond said he expects to see research expand to 20 analysts by year end. cbs.marketwatch.com Has anyone here ever read a Wit Research report? Was it valuable? Did it contain anything beyond what was in the prospectuses and press releases? Did it change your investment decision, or influence your decision at all? Gotta wonder what the benefit is of a big, expensive research department for Wit. At regular investment banks, the Research Analysts primarily cater to institutions (portfolio managers) in the hopes of getting their vote for the annual Institutional Investor poll. Since (I think) big institutional trading commissions is not a major goal for Wit, what in the world are they going to do with highly paid analysts? Does Wit think their customers really want to download PDF files to read the analyst's opinions of the stock? The primary reason for the increased compensation costs was due to the hiring of 58 new personnel over the past three months, primarily representing key members of Wit Capital's investment banking, research, technology and customer care teams. biz.yahoo.com I wanna hear the case for expanding the research team to 20 analysts (any analyst-defenders out there??). Punt the analysts (expense generators) and hire 20 extra investment bankers (revenue generators)! Elroy