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To: Box-By-The-Riviera™ who wrote (74426)3/2/2001 8:52:05 AM
From: IceShark  Read Replies (3) | Respond to of 436258
 
Meeker is a different situation I think because I never heard her make the admissions that what she was doing was all crap. So she would fall into the same class as the other lamo anals and wouldn't be as easy a target.

Not to say that it won't happen but those suits would be a challenge to the normal operating standards of the entire industry so would be tougher to win.



To: Box-By-The-Riviera™ who wrote (74426)3/2/2001 10:09:45 AM
From: Earlie  Read Replies (2) | Respond to of 436258
 
Joel:

Trust me, this stuff is underway. Milberg Weiss, the biggest, nastiest legal firm that specializes in sueing publicly traded companies for improper disclosure, is on to this thing big-time. Other smaller legal slime shops are also rubbing their hands in anticipation.

I am no friend of the MWs of this world as I see them as extortion organizations to some extent. But I have been saying for some time that they have targetted the wrong folks and that they ought to take aim at the analysts and their firms. They are beginning to do this.

There are implications to all of this. It was MW activity that eventually led to the emergence of "warnings". When this was subverted by Wall Street (the analysts got midnight phone calls,..... "pre-warnings" as it were, which allowed them to reduce their estimates, which in turn allowed companies to "beat the estimates"). Then the SEC stepped in and put an end to "analysts-only" communication. Might these up-coming legal soap operas see the analysts' BS brought to an end as a result of brutal class action law suits? Time will tell.

Best, Earlie