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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Jan Crawley who wrote (18460)	9/25/1998 1:47:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

>>Are you still holding both Amzn/yhoo? Yes.

To: Jan Crawley who wrote (18460)	9/26/1998 3:24:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Kwatinetz' investment-banking cohorts have arranged acquisitions for Gateway and Hewlett-Packard, an equity offering and divestiture for Micron Technology, and two hedging programs for Dell Computer. Now, six of the eight companies he covers are also investment-banking clients. Only one, Wind River Systems Inc., was a client at the time he started covering it. Not surprisingly, some analysts make more than the dealmakers. And Zimmerman estimates that total cost for equity research has quadrupled in the 1990s--though with Wall Street's slump, 1998 pay levels will likely fall below 1997's. Even if that happens, the dollars are still huge. At the major investment banks, salary, bonus, stock, and options for an Institutional Investor first-team analyst can easily run from $2 million to $5 million, especially in industries like telecom, technology, media, and health care. Even the next tier runs in the $750,000 to $1 million range. Junior analysts still learning the trade can earn $500,000 to $750,000, and for grunts whose work backs up the senior analysts, $250,000 to $400,000 is not unknown. Veteran telecom analyst Jack Grubman recently became the first of his kind to achieve nba-star-like status: Salomon Smith Barney reportedly agreed to a $25 million one-year package to keep the analyst (page 156). Not only are the analysts taking home a bigger piece of Wall Street's pie, but there are more of them. After the 1987 stock market crash, the number of full-time analysts dropped until 1992, when it bottomed at 2,313, according to Nelson Information. But spurred by a bull market and deal mania, the ranks have since swelled to 3,724. And that doesn't include the legions of support staff who now do much of the number crunching, freeing the top analyst to visit companies and clients to push stocks and investment-banking deals.