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Technology Stocks : Applied Materials No-Politics Thread (AMAT) -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (2475)	8/16/2002 3:11:22 PM
From: Kirk ©	Read Replies (3) \| Respond to of 25522

The lying bastoid was doing what he was paid to do is my guess. If he wasn't then he'd be on his own. He has a similar deal to Blodget... Remember his job was to bring investment banking deals. Word out now is the SEC is looking into SSB for giving IPO shares in exchange for investment banking business. I can't think of a single stinking reason why SSB would be so stupid to offer ME an IPO share when someone that might do business with them was in line ahead of me. I've been TRYING to keep track of some of this crap on my web site ( suite101.com )since 1997... but nobody was too interested. I got the idea after reading David Dreman's Book ( amazon.com )that pretty much shows that analysts are clueless as a class so I was trying to figure out why keep them around other than to help brokers pimp stocks to buy and sell to churn accounts. I have been saying that since 1995 when a lady friend asked me to help her mother get away from pump and dump brokers who were churning her account. Kirk

To: Proud_Infidel who wrote (2475)	8/16/2002 3:43:45 PM
From: Bob Kim	Read Replies (1) \| Respond to of 25522

What value has he added to SSB for that money? Dragging its name through the mud? Brian, Research comes out under the firm's name not the analyst's. So if SSB published Grubman's reports you should probably assume that SSB's research department and related legal staff gave it the necessary legal and regulatory stamps of approval. The firm essentially takes responsibility unless they fire the analyst and admit the research was faulty because the analyst broke laws or regulations. Some analysts work the system or attempt to push the limits, others just assume that if they get published then they're okay and off the hook. At ML, it was possible for some analysts to put their research on approval tracks with low likelihood of getting second-guessed.