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Technology Stocks : Broadcom (BRCM) -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (4685)	11/20/2000 10:00:57 AM
From: Bob Kim	Read Replies (1) \| Respond to of 6531

Ray, Each firm has their own standards for their trading desks which I would imagine are based on securities laws and regulations. Frontrunning is illegal in the US. I don't think it is unusual for trading desks to place a low value on what some of their analysts say. If someone is constantly wrong, you are likely not to listen. The example you cite can be skewed either way. Most firms choose to holdover ratings changes till the next morning. That's why someone depending on the point they are trying to make could choose to use the open the next day while the reports may have been written based on the close the night before. RFMD was flat or down relative to the close, and up because of the gap down. Regardless, that example is about $8 or $9, but the big picture should include the $70 drop.