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

To: Greta Mc who wrote (922)	4/24/1998 2:20:00 AM
From: Khris Vogel	Read Replies (2) \| Respond to of 17683

What I really would like to see CNBC do is maintain a more balanced approach in their reporting and shows. It seems like they are focusing on the investor fad-of-the-month (a few weeks ago, REITS, now internet stocks) or currently hot sectors, or they are preoccupied w/ only the day's news (e.g., Dow 9000) and seldom pull back and put things in perspective. I guess that latter point is the crux of my post. More insight and analysis, w/ long-term perspectives, adds a lot more long-term value to their viewers then spotlighting the K-Tel's or the Iomega's of the worlds. They, too, have their place during the day, but that should be kept in some kind of proportion do their relative importance, doesn't one think?

To: Greta Mc who wrote (922)	4/25/1998 11:32:00 AM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 17683

Greta, you're right. They're in a tough spot sometimes. One of the first rules of journalism is not to become part of the story. And yet, it's almost unavoidable at times for them not to. That tension's going to always be there for them and they have to exercise judgement. But when an organization has that type of market-moving power, I think it's both fair and healthy to question their judgement at times. For example, there was a report on INTC that they ran late-afternoon on 4/15/98 involving rumors of an influential analyst calling for a drop. Right after it ran, the stock free-falled 2 1/8 into the close that day to around 74 7/8. A week later, it hits 85 intraday. I hope someone there took the time to either fact check that report or ask "are we being used by this source?". As a viewer, I shouldn't need to use the phrase "I hope". I should be able to say "I know". That bothers me. Doesn't have to bother anyone else though <g> Good trading, Tom