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To: Gary M. Reed who wrote (7947)5/24/2001 1:47:51 PM
From: Crystal ball  Read Replies (1) | Respond to of 17683
 
Walter Mossberg just on, tell him PALMs are now LIVE DEVICES, thats what the new postage stamp add on port is for, thats why they port over to Bluetooth and WAP. Just on CNBC. Agree with the rest of Mossberg's interview, the PALM and HANDspring price wars are temporary, and thus the lower stock prices have bottomed too, I expct them to bounce back and then run up higher. I agree with USB WARBURG on PALM being a strong buy. I agree with your post that Saloman and Bear Stearns and the other ANALysts seem to protect their favorite darling clients' short positions all to the late or irrational harm to their other clients and the downgraded company, which is a disservice, but which I also agree with you, CNBC and the other journalists need to do more digging and get that conflict of interest story out there.
I am,
Truly your$,
-Crystal Ball



To: Gary M. Reed who wrote (7947)5/25/2001 9:18:11 AM
From: Thomas M.  Respond to of 17683
 
Message 15834474



To: Gary M. Reed who wrote (7947)5/27/2001 2:46:18 AM
From: Toby Zidle  Read Replies (1) | Respond to of 17683
 
Great story, Gary. My own experience with BW's "Inside Wall Street" is that of being burnt on one of the rumors you mention. Some years back, 'IWS' had a rumor about the impending buyout of Bank Plus (BPLS) at a hefty premium. I rushed into the stock without doing my own diligence and ultimately lost over 50% on that stock. Even then, the buyout rumor was being perpetuated on Yahoo's BPLS board.

To this day, BPLS has not been bought out, but has had to sell major portions of its business just to survive the bad debt accumulations in its credit card portfolio.

Quite recently, BPLS has more than doubled from its earlier low. Is something up? Frankly, I don't know and couldn't care less.

The problem with "Inside Wall Street" and every other print or internet rumor mill is that they never have to follow up on the rumors they spread and they NEVER post any kind of scorecard.

If Joe Kernan wants to take on BW for the poor timing of its articles, so be it. No argument from me.