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To: Douglas Nordgren who wrote (9625)	2/9/1998 4:23:00 PM
From: uu	Read Replies (2) \| Respond to of 25814

<somewhat off topic> Did you ever wonder what exactly "coverage of a stock initiated" means?! So for example H&Q comes up with the following: H&Q initiated the coverage of IBM with a BUY rating! Exactly what does this mean?! I mean really? A company such as IBM is perhaps the bluest of blue chips and are these guys telling people that up to now they were unaware of this company and all of a sudden they said: Gee... lets start the coverage of IBM?!! Or for example Morgan Stanley starts the coverage of MO with a BUY rating today. Were where these analysts at Morgan Stanley all these years. Had they not heard of phillip Morris up to a few days ago and all of a sudden they decided to start its coverage?!! The analysts are not just con-artists, they are also a bunch of comedians!