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Technology Stocks : Gateway (GTW) -- Ignore unavailable to you. Want to Upgrade?

To: Ramsey Su who wrote (7142)	3/17/1999 12:37:00 PM
From: D. Swiss	Read Replies (2) \| Respond to of 8002

Duetche Bank upgrades GTW to buy. :o) Drew

To: Ramsey Su who wrote (7142)	3/17/1999 6:19:00 PM
From: Thomas G. Busillo	Read Replies (1) \| Respond to of 8002

Ramsey, if a social historian ever goes back and does serious study on this market, he or she should have a chapter entitled "How Sell-Side Analysts Became Rock Stars" and without question it should begin with a transcript of some of Maria B.'s reporting (and provide highlights on DVD). they have Maria B reporting on these analysts upgrades/downgrades as if they are the second coming of Jesus Christ. Absolutely! Oh yeah, it makes for "great television". But in the process of making great TV, they've warped the importance of the news itself they are reporting on. Sure "the medium is the message". But, IMHO, this is beyond that; we're talking paradigm shift. Look at that Kumar thing. I've found 5 different online outlets that report the 2-22-99 earnings increase as .59 to .90. Who will be the first new organization to notice it? Why should they notice it? They got "the story", right. "The story" was that "Piper belives there's minimal risk that GTW will miss its .64 1Q estimate." That's not the story. That's the story Piper wanted. Two different stories: 1) How some of the top financial news organizations can get snookered. 2) What's up with those estimate changes? The irony in the instant information age is that there's so much emphasis on the "instant" that the actual information is of minimal importance. Again, this Kumar situation is an excellent example of that. The penguins are the right approach. Faber/Kernan (former i-banker/former broker) have experience on the sell-side that informs their reporting. I think it was either Marshall McLuhan or Beck who turned the following phrase: You can't write if you can't relate Good trading, Tom P.S. Of course it was Beck!