Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Seagate Technology -- Ignore unavailable to you. Want to Upgrade?

To: Robert Douglas who wrote (6225)	11/5/1998 10:01:00 AM
From: Ashley Campbell	Read Replies (2) \| Respond to of 7841

Interview with Quantum CEO on CNBC. Re: general industry - inventory levels are low, but I got the impression that the oversupply still exists (albiet reduced). The concern that came up was that "second tier" companies (like Fujitsu) could overproduce and therefore contribute to the inventory problem. Any comments?

To: Robert Douglas who wrote (6225)	11/5/1998 10:59:00 AM
From: William Epstein	Respond to of 7841

Robert Douglas; I read the Keynes quote. I love to read historical witticisms. I am sure he knew from whence he spoke. He succeeded like no other economist of his time. His views were very unconventional and are still being debated in academia. I would like to remind you though, that some analysts do have the courage to lean against the wind. For example, Abbey Joseph Cohen. She stood firm about the direction of the market when all others were delivering the Koddish prayer for the Bull. Her ass was on the line at that moment. Though, I don't think it would have cost her job, she stood up. I disdain many of them because I believe their motives are highly suspect. Now I'm getting into an area that will provoke my critics. What I was really trying to allude to is that I don't think the analysts at many of the brokerage houses are paid to be right or wrong. I think they are paid to help push particular stocks when the brokers, investment bankers, insiders, etc. want to ramp up the price. In the past if been taken by several who made stellar rec. made by these analysts, on the business networks, only to find that the balloon burst shortly afterward. They all have impeccable credentials but that's part of the show and tell. If your a college prof. economist and your getting 200 grand from a broker as opposed to 40-50 grand from some college you'll say anything they want you to say. I would. There are some like Abbey who do an honest job but they are almost impossible to weed out. Nevertheless, the honest ones do have a tough job. Look at what happens to me here when I open my mouth? Am I just blowing off steam? PHOTOMAN

To: Robert Douglas who wrote (6225)	11/5/1998 11:39:00 AM
From: Kevin Linder	Read Replies (1) \| Respond to of 7841

Wiliam; A perfect example of why analysts reports should be viewed with a healthy dose of skepticsm is the way they were jumping all over the DD sector the first of last year. SEG, QNTM, WDC and others were all rated as very strong buys at or near their highs. Fundamental analysis was telling people there may have been overcapacity, but, most analysts were too gun shy to stray from the pack and verify/deny the indicators. Thus many people were snuckered by Wall Street firms. Another reason that the internet and the various research sites have gained in popularity over the past several years. Kevin Linder