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To: willcousa who wrote (109296)	9/5/2000 11:54:25 AM
From: GVTucker	Respond to of 186894

willcousa, RE: How off the mark must an analyst be before he falls into the class of those who post false material on the net? Depends. Almost 100% of the time, when an analyst is off the mark, it is because he/she just blew it. If it happens more than a couple of times, that analyst is without a job. When an analyst knowingly prints false information (and it does happen), word gets around very quickly. An analyst can't do that more than once for the simple reason that after a couple of times, it just won't work. Believe it or not, while most mutual fund managers surely aren't geniuses, they aren't idiots, either. And in specific reference to what you state, I don't see any relationship at all between an analyst that states an opinion that even he thinks is incorrect and the guy who published the false EMLX press release. An analyst's report is clearly an opinion. The guy from Internet Wire knowingly misrepresented a statement of fact.

To: willcousa who wrote (109296)	9/5/2000 12:10:50 PM
From: GVTucker	Read Replies (1) \| Respond to of 186894

One more note on Kumar: Please don't interpret what I said to be an endorsement of Kumar. While he certainly is a pretty bright guy, there is no question that the thing that he is most skilled at is PR. He loves to time his calls so that he can generate the most PR for both himself and his firm, and is prone to overstating his case so that he can get the coveted interviews in the financial press. Of course, you could say that about more than half the analysts on Wall St and be correct.