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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (4292)	1/2/1998 11:29:00 PM
From: ET	Respond to of 10921

thread....http://www.usatoday.com/life/cyber/tech/ctbrief.htm

To: Investor2 who wrote (4292)	1/4/1998 9:33:00 AM
From: Jay M. Harris	Read Replies (1) \| Respond to of 10921

A brokerage firm providing analytical services that are funded by commisions. Every major brokerage is an example of the "sell side" of the business. They do primary research and provide that research to brokers who in turn provide the information to their respective clients in the hope that the client will respond to the information by creating a transaction, hence, funding more research. This contrasts with the "buy side" like Mutual Funds or investment advisors. These institutions have their own internal primary research staffs that are funded based on the fees charged for the assets under management and not the number of transactions created. When the client's assets perform well, the "buy side" firm's fees go up as they are generally based on a percentage of the clients market value, typically 1% per annum for equity management. This appears to be a more symetric compensation method, although I'm probably biased. Jay