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To: Glenn D. Rudolph who wrote (101845)4/20/2000 11:23:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
Yeah, Glenn. What do think of that? I think it's ludicrous (but not surprising) that the analysts argue against fair release of all material information. It's not like day traders have any trouble finding reasons to buy or sell stock as it is; they'll continue to do the same thing they do now.

I think I'd better write a brief note on this right now.

Randy



To: Glenn D. Rudolph who wrote (101845)4/21/2000 1:20:00 AM
From: Chung Lee  Read Replies (1) | Respond to of 164684
 
Glenn, thanks for posting that link, very interesting, it confirmed my suspicion of the self serving nature of the analysts/securities industry.

Do they actually think the management meeting should be closed door and the result massaged and spinned before delivery to the general public? The analysts create chaos in the market as it is, Intel earning conference comes to mind, the friendly analysts reiterate buy and advised investors to stay the course and wait for better second half, another analyst gave just the opposite opinion, the Needham analyst downgrade INTC from "HOLD" to "AVOID", and it appears that the public listened to the conference call and made up their own mind, judging from the sell off of INTC in the last two days.