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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Anthony@Pacific who wrote (64250)	12/7/2000 1:55:54 PM
From: Anthony@Pacific	Read Replies (6) \| Respond to of 122087

MPPP<-------------Is being iniTIATED WITH A@P death convulsion status....if you see thebody twitch ,, keep moving..it is full of rancid bacteria and maggot larvae. Run for the hills....its all over for MPPPP..now is no difft than GSTRF the bleeding pig from hell

To: Anthony@Pacific who wrote (64250)	12/7/2000 6:45:57 PM
From: StockDung	Read Replies (2) \| Respond to of 122087

SEC to Design Rule for TV Analysts to Tell Conflicts Washington, Dec. 7 (Bloomberg) -- The Securities and Exchange Commission is designing new rules to require television stock analysts and money managers to disclose possible conflicts of interest when they recommend securities on the air. ``Investors deserve to know what possible incentives an investment services professional may have in making a particular recommendation,'' SEC Chairman Arthur Levitt said. Levitt said his staff will work with the New York Stock Exchange and the National Association of Securities Dealers to develop the rules ``in short order.'' The possible conflicts that concern the SEC, Levitt said, involve an analyst's personal investments in stocks he recommends as well as his firm's ownership of these stocks. Other possible conflicts involve the firm's investment-banking work for companies reviewed by the analyst, he said. The most prominent stock analysts -- such as Goldman, Sachs & Co.'s Abby Joseph Cohen; Merrill Lynch & Co.'s Henry Blodget; Prudential Securities Inc.'s Ralph Acampora, and Morgan Stanley Dean Witter & Co.'s Mary Meeker -- have taken on celebrity status with their growing visibility on television and investor interest in the stock market. TV Concerns Analysts often are asked for their leading stock picks on round-the-clock financial news networks such as CNBC and CNNfn. Bloomberg Television, owned by the parent of Bloomberg News, competes with those and others in the market for televised financial news. James Cramer, the hedge fund manager who co-founded the financial news Web site TheStreet.com Inc., has faced questions about possible conflicts involving his TV appearances and stock holdings. Earlier this week, he said he's leaving the money- management business. ``This rule would be fabulous,'' Cramer said. ``If you told me a TV movie critic was working for Warner Brothers, I wouldn't think he'd be as independent as someone who worked for the New York Times.'' A leading brokerage trade group raised preliminary questions about the developing proposal. ``Any rule they come up with has got to work for the TV format,'' said James Spellman, spokesman for the Securities Industry Association. ``We support making sure investors understand the context of the information they receive, though we'll have to see the fine print of any proposals.'' Regulatory obligations would fall on brokerages rather than news organizations, over which the SEC has no authority. The SEC's proposals will cover investment advisers, while those of the NYSE and NASD will apply to analysts employed by brokerages, SEC spokesman Chris Ullman said. Any rule proposals face an initial SEC vote on whether to issue them for public comment before commissioners make a final decision on whether to approve them. A public television producer objected today to any government agency asking TV networks to determine possible analyst conflicts and to require that they're disclosed. ``We're not a tool of the government,'' said Rich Dubroff, executive producer of the Public Broadcasting System's ``Wall Street Week With Louis Rukeyser.'' Neil Cavuto, anchor of the ``Your World'' business news show on News Corp.'s Fox News Channel, has said, ``The SEC, with the best of intentions, is doing something that could be very, very Big Brother-ish down the road.'' Disclosure Problems The SEC has been privately asking financial television programs and networks such as General Electric Co.'s CNBC and Time Warner Inc.'s CNNfn for their views on how potential analyst conflicts can be disclosed on the air. CNBC has said it routinely asks analysts to disclose investments in stocks they will recommend, though it makes no such requests about their firm's investment-banking customers. The NASD, which owns the Nasdaq Stock Market and the American Stock Exchange, today approved a resolution expressing support for analysts' disclosure of possible conflicts during public appearances. ``It is important for investors to have confidence that a recommendation made by an analyst, or other financial services professional, is based solely on the merits of the investment and not that person's financial interest,'' NASD chief executive Robert Glauber said. NYSE spokesman Ray Pellecchia said, ``We believe these discussions will ultimately lead to the adoption of rules that better protect investors.'' The SEC's regulatory effort steps up attempts by Levitt to use his bully pulpit to press for great disclosure by analysts. Current disclosure obligations in U.S. securities rules are aimed at written stock recommendations by analysts, not verbal picks made on TV, the SEC's Ullman has said. Dec/07/2000 17:57 ET For more stories from Bloomberg News, click here. (C) Copyright 2000 Bloomberg L.P.

To: Anthony@Pacific who wrote (64250)	12/7/2000 7:49:22 PM
From: StockDung	Respond to of 122087

Ask Jeeves dives after late-day shakeup "News of the shakeup and earnings revision sent Ask Jeeves' shares plunging 44 percent, or $4.63, to $5.88 in after-hours trading. The stock has lost 96 percent in value since hitting a 52-week high of $140 on Dec. 10, 1999." December 07, 2000 03:25 PM PT by Rex Crum There's about to be a new butler in charge of the Ask Jeeves (ASKJ) house. The Internet search-engine company that popularized natural-language search technology announced today that Rob Wrubel will step down as chief executive officer and also will resign his position on the company's board. Wrubel will remain with Ask Jeeves, however, as executive vice president of market development. The Ask Jeeves board named current board member A. George "Skip" Battle as interim CEO. Ask Jeeves officials said Wrubel now will focus on leading future product development and communicating with customers and partners. Along with the executive changes, Ask Jeeves revised its anticipated fourth-quarter figures -- and the numbers did not look good for the Emeryville, Calif.-based company. According to a company statement, Ask Jeeves is expecting to lose $18 million, or 50 cents a share, on revenue of $25 million. A consensus of analysts surveyed by First Call/Thomson Financial, forecast that Ask Jeeves would lose 33 cents a share for the quarter, which ends Dec. 31. Adam Klein, Ask Jeeves president, blamed the company's losses on a "broad-based economic slowdown" that has resulted in weaker demand for the company's services. Klein added that in addition to revising its fourth-quarter figures, Ask Jeeves is reviewing growth targets for 2001 and can't confirm prior guidance for the coming fiscal year. News of the shakeup and earnings revision sent Ask Jeeves' shares plunging 44 percent, or $4.63, to $5.88 in after-hours trading. The stock has lost 96 percent in value since hitting a 52-week high of $140 on Dec. 10, 1999.