Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Ron who wrote (8192)	7/19/2001 11:55:27 PM
From: Mark Marcellus	Read Replies (2) \| Respond to of 17683

And here's a follow-up. thestreet.com A couple of interesting excerpts: Regarding the (lack of) on-air disclosure, Finnerty said: "Anytime I'm asked 'does your firm have a [conflict of] interest,' I've always answered the question -- dozens of times." Hard to see how any answer he gave would be meaningful, based on what he said later on: C.E. Unterberg Towbin has done underwriting for Zoran and makes a market in the stock. Moreover, Zoran was the largest holding of C.E. Unterberg Towbin Advisors at the end of the first quarter, according to BigDough.com. On March 31, C.E. Unterberg Towbin Advisors, the broker/dealer's investment advisor affiliate, owned 350,000 shares of Zoran. None of that information was disclosed to CNBC viewers -- nor did interviewer Tyler Mathisen ask if any conflict existed. Incredibly, Finnerty said "that is the first I've heard of that," when informed of CEUT Advisors' stake in Zoran. He claimed to have been similarly surprised to find out about the firm's stake in New Focus (NUFO:Nasdaq - news - commentary) when the original TSC article ran last week. I'd say that Finnerty and his firm have mastered the art of plausible deniability.