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To: BelowTheCrowd who wrote (2208)5/14/1998 4:45:00 PM
From: Thomas G. Busillo  Read Replies (1) | Respond to of 4722
 
Michael, I think it's a shame that the over-exhuberence of analysts plus litigation concerns have the end result of someone like Lew Platt having to issue a statement like that.

Lew Platt wasn't the guy issuing a price target of $87-$95 on Monday.

That guy was John Jones at Salomon Smith Barney.

Lew Platt wasn't the guy upping his rating to a buy two days before it blew up on a earnings warning.

That guy was Amit Chopra at CS First Boston.

And yet, it's Lew Platt, his company, and his shareholders who suffer.

In the case of Chopra/CSFB - how can anyone be THAT wrong about a company? The guy waits until the upper 70's to up it? Then it blows up within days? What kind of legwork went into that ratings change?

FWIW, CNBC reported that Platt would be interviewed by B. Francis sometime tomorrow.

Good trading,

Tom