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Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Thomas G. Busillo who wrote (2016)	12/3/1998 10:51:00 PM
From: Thomas G. Busillo	Read Replies (2) \| Respond to of 17683

Dear CNBC, on the off, off, off chance that somewhere up there in Fort Lee there are persons who find the whole topic of selective disclosure not only extremely interesting but extremely important, FWIW Michael Lewis had a terrific piece recently on Bloomberg: Washington, Dec. 1 (Bloomberg) -- The most revealing moment yet in the Microsoft Corp. trial came in the form of a throwaway line, in the testimony of James Barksdale, chief executive of Netscape Communications Corp. In cross-examination, a Microsoft lawyer asked Barksdale for his best estimate of Netscape's financial results for the coming quarter. Barksdale declined to answer. ''But you have provided estimates for Wall Street analysts?'' asked the lawyer. Barksdale acknowledged that he had done so. ''Well,'' said the lawyer, reasonably enough, ''just tell us what you told the analysts.'' ''I don't know if I'm allowed to do that,'' said Barksdale. The court then recessed for half an hour to determine whether it was legal for a company to give information about itself to the public that it had provided to Wall Street... bloomberg.com (Now that's a beautiful way to lead off a piece!) I also think it somewhat topical considering that the CS 1st Boston conference was closed to the press, as of course a lot are (and good for Dow Jones for repeatedly pointing out that fact in articles dealing with conference-related news). I'd have to think some of the Quality reporters and Quality producers there in Fort Lee are little P.O'ed about not being able to get into these events, but then later having to deal in a professional and ethical manner with brokerage firm flacks and flunkies (although some people might argue that the only ethical way to deal with PR people is to show them the door... ...to the abandoned elevator shaft). And on the other hand there's probably the "co-opted kiss-ass" faction up there who probably think selective disclosure involves some form of partial public nudity and even if they did know what it meant don't really give a flying [nickel] anyway and like PR flacks because they make that burdensome task known as "thinking" less of a necessity. This is why CNBC needs to bring back "Bull Session"! Change the name. DEFINTELY keep Faber the host. And find time somewhere for it. Who's to say that if you find the right slot and give it enough time to grow its audience it won't become like the Rukeyser (sp?) show, but maybe better? Tom