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To: John S. Baker who wrote (1909)10/18/1998 10:02:00 AM
From: MeDroogies  Respond to of 2534
 
However you want to interpret it, they have to ADHERE to certain principles of maintaining shareholder value. It may cost them for the privilege, but it is not disingenuous in any way.



To: John S. Baker who wrote (1909)10/18/1998 3:51:00 PM
From: John S. Baker  Read Replies (1) | Respond to of 2534
 
From an automated E-mail sent to me from IRI, the parent organization of the PAR process....

Cost to a company to be analyzed through the PAR process is $15,000 ... payable in advance.

And re credibility of the PAR analyses in general, IRI states:

To date, the Street has demonstrated its support for the credibility and objectiveness of PAR by often trading covered companies to new volume highs. IRI takes this as a validation for the importance of the introduction of the unique PAR program to Wall Street.

And from another, similar E-mail, there apparently are 7 companies in the PAR program at this time, with analyses of several others slated in the near future.

Note to lurkers: Please do not interpret my comments about the IRI and its PAR program as being negative. Anything which helps promote good corporate governance is a plus. I am only trying to determine, for myself, whether "the Street" attaches any particular value to the process.

JSb.