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To: Derrick P. who wrote (18515)9/26/1998 11:36:00 AM
From: Derrick P.  Read Replies (1) | Respond to of 164684
 
Oh, BTW books.com works too. These sites are not as sophisticated as Amazon but if you threw another billion dollars into it... But then who would be silly enough to do that? (Only NZMA stock holders.) I mean you go over to amazon.com and ask yourself it that's worth $6 billion +.

derrick



To: Derrick P. who wrote (18515)9/26/1998 3:09:00 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
The question for investors is: ''Can you trust your analyst?'' Unfortunately, the
answer is not very much. At the major Wall Street houses, which thrive on
investment banking, every analyst has a potential conflict of interest. The
''Chinese Wall'' that on paper still separates a firm's analysts from its
investment bankers continues to crumble as analysts are encouraged to
scout deals. The analyst's firm is either the investment banker for a company
he or she is covering--or it's wooing the company for a piece of that juicy
revenue stream.

A study co-authored by Georgia State University assistant professor Siva
Nathan looked at reports on 250 companies by analysts whose firms had
investment-banking ties with those companies and an equal number from
analysts with no ties. The investment bankers' analysts had 6% higher
earnings forecasts and nearly 25% more buy recommendations.