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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: Gary Ng who wrote (63198)	8/24/1998 8:08:00 AM
From: GVTucker	Read Replies (2) \| Respond to of 186894

Gary: <<I would say different style.>> Vey true, Gary. But please note that it is Kurlak's job to please the institutional investor, who is most concerned with relative performance. The retail investor at Merrill is merely a distribution mechanism. This is no ethical call here, just a statement of how it is. Kurlak is doing the job he has been asked to do. On the institutional end, his job is to inform clients to the best of his ability--clients whose only job is to outperform the S&P 500 (very few of these clients succeed in their goal). On the retail end, Kurlak's main task is to move Intel stock through the system. Although I am certainly not privy to Kurlak's compensation, if his contract is the same as it is for most Wall St. analysts, he gets compensated for both ends (i.e. outperforming the S&P500, and moving stock through the system, although not necessarily in that order).