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Technology Stocks : WDC/Sandisk Corporation -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (18424)	1/24/2001 10:41:15 AM
From: Bob Kim	Respond to of 60323

John, You are right, it is a ML rule. The basis for the rule is handling "market sensitive information" properly. This is based on securities industry regulations. Usually, the analyst or salesperson pays for lunch, dinner, the strippers, etc. It is not uncommon for analysts to get reasons to check up on things from others. Salespeople will talk to their clients and call the analysts if they hear something amiss. Traders will hear things and call the analysts. The short-oriented hedge funds will call up some analysts and point out the errors of their bullish opinions. Some analysts are always the last to know things. My guess with SNDK is that ML felt uncomfortable having it among their highest-rated chip stocks because they didn't want to recommend it above other lower-rated chip stocks so they made the adjustment.