Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc. -- Ignore unavailable to you. Want to Upgrade?

To: thinkbach who wrote (7030)	1/26/2000 9:51:00 PM
From: gbh	Read Replies (1) \| Respond to of 10027

Analysts have their own agenda? What? I'm generally not one to buy into conspiracy theories, but a local magazine where I live; Dimensions, South Florida; this month has an interview with Alan "Ace" Greenberg. The article is titled "The Ace of Wall Street", On the trading floor with Alan "Ace" Greenberg. For those who don't know him, Ace Greenberg is the CEO of Bear Stearns. The 5th interview question is, "What is your view of online trading?" Ace's response (quoted exactly), "Its a losing game. I think the firms that provide that service with do fine as long as they have clients and as long as their expenses don't equal their intake. It is something that is here to stay, but as far as the public is concerned, they will not make any money. We have looked at it, we have studied it, and it is not something we want to get into right now. The people who work here -- the producers -- have had record months the past few months. They provide a service, and they get paid for it. To compete and do things for $29 and $10 would be very, very self-defeating for Bear Stearns and for the people who work here." I sense this guy feels a tad threatened by the entire OLB sector but I'll let you all draw your own conclusions. gary