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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Uncle Frank who wrote (27227)	8/7/1999 12:00:00 PM
From: Edwarda	Read Replies (1) \| Respond to of 77400

Here's the beginning of an answer, buried in this posting: Message 10698261 "Sell-side" analysts get paid for writing reports on companies' stocks with recommendations as well as information about the companies. The payment is in the form of commissions. In what way does this put their interests at cross purposes with those of individual investors? If Joe Blow at Merrill Lynch writes a report about XYZ company noting that the stock appears undervalued and recommending purchase and if you buy the stock and it does, in fact, go up substantially, I'd say that his interests and yours are well aligned. If a "buy-side" analyst at a mutual fund in which you are invested reads Joe's report and urges the fund manager to buy the stock, your interests are still aligned. Accuracy of prognostications often figures in the bonuses--along with client contact and investment banking deals consummated.