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Technology Stocks : Nortel Networks (NT) -- Ignore unavailable to you. Want to Upgrade?

To: pat mudge who wrote (9362)	1/19/2001 1:34:39 PM
From: Bosco	Respond to of 14638

<ot>Pat, while there is always such a possibility for the sell side analysts to cross over to aid the institutional clients, many investment houses are looking for profit to line their own pocket. To do that, investment banking is a more lucrative biz. best, Bosco

To: pat mudge who wrote (9362)	1/19/2001 5:37:39 PM
From: lml	Respond to of 14638

Hi Pat: Interesting & somewhat familiar discussion here re: Sagawa. Kinda reminds me of similar sentiment I felt on the ORCL thread re: analyst Upin at Robbie Stephens. He was the guy who said ORCL should be trading at 15, and predicted as far back as September that the weakness in ORCL's number were yet to appear. So far, two earnings reports have passed. The count is 0-2 against Upin. IMHO, he has lost a lot of money for his firm's clients by having them dump or short ORCL when it traded in the mid- to high- 20s in the waning months of Y2K. The conclusion to be made is that these analysts aren't worth a dime of what they make. They seek headlines and therefore are willing to go out an limb, with no basis, in order to hopefully develop a following that can lure some future underwriting business. Its a high risk game, and often the analyst who calls it wrong, eventually disappears from many radar screens. Its ring the cash register or "outta here." So much for their "buy-sell" recommendation. Sagawa is no different.