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Technology Stocks : Dell Technologies Inc. -- Ignore unavailable to you. Want to Upgrade?

To: SecularBull who wrote (33267)	3/9/1998 7:12:00 PM
From: Bill Murphy	Read Replies (4) \| Respond to of 176387

I can't comment on all investment banks. I only worked for SB. I have no factual basis on why the analysts had BOTH stocks as sells while I worked there, the logic they used was flawed and in hindsight they were obviously very wrong. All I know is that the Big Brokerage houses make TONS of money through investment banking and trading for their institutional clients. Their investment banking business and institutional clientel is much more profitable and important to them then some guy buying 100 shares of Dell or CPQ. So, they tend to pump companies stocks who do business with them, like secondary offerings, IPOs, mergers and acquisitions business, bond offerings etc. You know like rub my back and I'll rub yours kind of thing. At that time, Dell did no business with them, and I am sure that hasn't changed. I don't know about CPQ. The little guy is the last one to get the bad news on a stock. By the time it is on CNBC or the Wall Street Journal, the big wirehouses have already cleared their proprietary portfolios and warned the institutional guys of any problems. Now, sometimes nobody knows that there are really any problems and everybody gets left holding the bag. But, it is pretty obvious that anybody who is anybody was out of CPQ before they let the news out Friday night, isn't it? Analysts let the brokers know what is going on last. We were always the last to know, or our clients were. If the analysts did know anything, their friends were informed first, friends are the institutions. Doesn't it piss you off now that DELL is holding a closed door meeting not open to the public? We are the owners of the company. If anybody has the right to know what is going on, we do. Something is wrong in our financial system when this is allowed to happen. The SEC should step in and open the playing field for the little guy.