To: Harry Sharp who wrote (113054 ) 3/28/1999 8:22:00 PM From: astyanax Respond to of 176387
Criticism by MSNBC writer Christopher Byron. I wanted to address some criticism by MSNBC/TheStreet.com/NY Observer/ThirdAge columnist Christopher Byron. I've got a little anti-Christopher Byron webpage going at netconductor.com . It's a subsection of my "Internet stock naysayers page" at netconductor.com Before I share my thoughts, here's the post on the SI:DELL board that caught my attention: +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Rich Weisbrich wrote in post #105110: RE: He has put 100% faith in the integrity of Mikey and a management team that has proven to be the best in the business. Even after all the good things everyone has to say about MD's integrity and acumen there are still putzes who trade on cheap tricks to build a web presence. This appeared as news item at Yahoo Dell news area. [$$ - free trial] What Michael Dell and Madonna's Underpants Have in Common - at TheStreet.com - 1:38 pm -------------------- My E-mail to respond to them --------------------- RE: What Michael Dell and Madonna's Underpants Have in Common By Christopher Byron Special to TheStreet.com There is a place for every schmuck reporter who wants to make a splash. Unfortunately your site hired him. A refugee from the National Equirer trying to gain readership by a Larry Flint ploy. You can count on me never visiting your site again. You make you otherwise potentially good site TRASH. Rich Weisbrich -------------------------------------------------- I think we should ALL E-mail these pukes and call them on their cheap tricks. What whores! +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Now let me show you my letter criticizing Byron. I wrote it to TheStreet.com (where he is a contributing writer) but the letter was never printed and my emails asking why were not answered. Apparently they are too busy to answer paying subscribers these days. Or maybe they're just censoring critics to protect their writers? Since it will never see the light of day now, I'll toss it here so you can let me know what you think. Thanks. P.S. Check out Byron's latest at msnbc.com It starts off: "Anyone who thinks that Internet investing is based on more than herd instinct..." ===== TO: letters@thestreet.com Feel free to edit this piece. If it cannot be published for whatever reason, please let me know why. It is much more controversial than anything I've ever written, but the person in question has truly raised the ire of the Internet investment community, as you can see in past TheStreet.com letters. Thank you. +++[Begin Letter] Eric Moskowitz's "A Cybersleuth Claims Credit for SEC Action on Bulletin-Board Stocks" was truly groundbreaking. It's the only news story that went behind the scenes and detailed how vigilantes on the Silicon Investor stock boards unearthed information that eventually led the SEC to suspend trading of several OTC bulletin-board stocks. He also profiled the intensive research conducted by these investors and the increasing power of retail investors in general. TheStreet.com is the only media source covering this and other related SI investigation stories; however, Moskowitz failed to mention the role played by fellow TheStreet.com journalist ("Eye to the Keyhole" column) Christopher Byron. Byron wrote a piece on the scandal for MSNBC and should be commended for bringing attention to this fraud. However, Byron distorted the truth by taking credit for having "exclusively reported" this scandal when in fact Silicon Investor sleuths did so earlier. One Silicon Investor reader, posting to the MSNBC bulletin board, went so far as to say Byron might be guilty of plagiarism. Maybe Byron is hesitant to mention the Silicon Investor Boards because he sees it is infested with Internet-savvy individual investors, those typical of the "Internet rabble," "jerks," and "fools" he harasses on a weekly basis in his column. Byron is the Ralph Nader of financial journalism, always quick to point out that federal authorities are not controlling a market that is spiraling out of control. His common theme is that investors need to be protected from the stupidity and "sheer unadulterated greed" that is driving this bull market. He's been warning of the Net stock bubble for the last two years, even creating an "Internet Sucker's Index" of stocks. That index has skyrocketed, so who's the real sucker here? He had the gall to label Amazon.com an "IPO dog" and mocked investors for buying Ebay when it had a market cap of only $3.3 Billion. In the meantime, his favorite pick for underpriced stock of the year lost 2/3 of its value. People read financial columns to help them make investment decisions. Byron has failed this test miserably. Maybe he needs a lesson in Cramer-like humility and just admit "I was wrong". Why does he still have a job? ===== References/Citations -------- My webpage detailing Chris Byron's endeavours: netconductor.com thestreet.com Michel Strickland (1/21)thestreet.com Gary Christy (1/9) [END LETTER] ============ - Netconductor.com