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To: Dominick who wrote (8645)	1/18/2001 11:00:44 PM
From: LPS5	Respond to of 12617

I have to say, Dom - decimalization is an initative that, like Reg FD - I agree with the theory, respect the intentions...but question the soundness of the implementation. LPS5

To: Dominick who wrote (8645)	1/19/2001 3:52:59 PM
From: LPS5	Read Replies (1) \| Respond to of 12617

Prudential's Analysts Told to Just Say `Sell,' Paper Says Newark, New Jersey, Jan. 19 (Bloomberg) -- Prudential Securities Inc.'s Chief Executive John Strangfeld is telling his analysts to stop putting a ``hold'' recommendation on a stock that should be a ``sell,'' the Star-Ledger of Newark, New Jersey, said. In his three months on the job, Strangfeld has changed the brokerage to focus more on consumers than corporate customers, the paper reported. Prudential has slashed its business that helps governments and companies finance themselves and is no longer arranging bond sales or leading new stock sales, the paper said. ``Hold'' recommendations have become the polite way of telling investors to avoid poorly performing stocks, the paper said. The practice has eroded the credibility of analysts, who are seen as catering to companies from which they will later solicit banking business, the paper said. Strangfeld vowed the company's research will become more opinionated and critical, to benefit investors rather than brokers. He said the brokerage, a unit of Prudential Insurance Co. of America, will add coverage of large-capitalization companies whose shares more people are likely to own, the paper said. (Star-Ledger 1-19 p.41) For the Web site of the Star-Ledger, see {NJSL }.