Image provided by: Texas A&M University
About The Battalion. (College Station, Tex.) 1893-current | View Entire Issue (Sept. 4, 2002)
WARD’S Ag & Auto Engines, transmissions, brakes, tune-ups, road-side service available 979-268-9707 5565 Raymond Stotzer NAMED ONE OF BRYAN/COLLEGE STATION’S COOLEST STORES DISCOVER Hours: Mon. 10am - 6 pm Class of ‘79 • Poison S Puzzle Rings • Windchimes • Ethnic Clothing • Incense S Oils • Religious Art • Handpainted Kite • Kaleidoscopes • Celtic Crosses • Beautiful Silver Jewelry Arrested? Driver’s License Suspended? DWI? DUI? Call a Board Certified Criminal Lawyer LANE D. THIBODEAUX Attorney at Law Board Certified in Criminal Law by the Texas Board of Legal Specialization (979) 775-5700 6B Wednesday, September 4, 2002 nat THE BATTa Push for research oi Wall Street is biased Kolu ni< read the fine print. THE CLASSIFIEDS CALL 845-0569 TO PLACE YOUR AD The Guitar Store V Over 100 Guitars in stock • New Guitars from *89.99 • Used Amps, Guitars, & Bass’s Buy, Sell, Trade, & Consignment’s Located on University behind the Golden Coral 260-7262 You’ll Feel Better, Fast! Spomft.Back^ Helping Ags feel better for over 20 years. Rehabilitation for: • Sports Injuries • Vehicle Injuries • Orthopedic Injuries • Back & Neck Injuries • Occupational Injuries (979) 77^.2225 2011 A Villa Maria • Bryan, TX 77802 NEW YORK (AP) —What’s it going to take to make Wall Street research unbiased? Don’t expect it to come just from cutting the tics between investment bankers and stock analy sis. Companies have to stop punishing analysts who give their firms even the slightest negame review, and big institutions can’t complain over sell ratings that analysts put on stock holdings they have. There’s still a long way to go until stock research comes clean, and that won’t happen until it’s no longer tainted by outside influ ences. “The bottom line: You still have to have some kind of cyni cism when you read investment research,” said Kent Womack, associate professor of finance at the Tuck School of Business at Dartmouth University. Times have sure changed for stock analysts. During the stock market’s boom, they had star power. They were on television and magazine covers. W'e knew their name faces. But the good times burst with the market ble. Today, analysts’credibility is in shai they're under fire for serious conflicts o Too many gave rosy recommend companies they covered so their firms coi lucrative investment banking business merger deals and stock offerings. And the itive review's often came despite the fact t businesses were crumbling, prompting unknow ing investors to hold on when they should has gotten out. Merrill Lynch agreed to pay a $100 million fin in May after its analysts were found to base puF licly promoted stocks that they privately bat! mouthed. Other firms are under investigation ft the same. With so much focus on the questionable rel. tionship between bankers and analysts, new lations are in place that forbids contact bet the two sides. Now. they can’t talk busine negative re< No one review, and come out a; 64 We have had some very angry responses from companies that we have issued sell ratings. cto LM !< lhat analysts how are free to say what ihe\ Not even clo Big chan con s. their ’s bub- nbles anti interest, it ions of ould w in >s to dc pos it the M. en L dcC »iiu- any exchange of information must gt compliance officer. But don’t think that’s cured all the . and through a problems. *hii :es are still needed. For m, outinue to lash oul al analysts»■ Dinmcmlations on their stocks in corporate America likes. .ompanies otten chastise analsy. ainst them. While securities hibiis companies from . any news to analysis s mftinning the general analysts still chat ofter corporate officers about: thing from finances and lions to legislation and ere So when analysts gr t, it s like a door slamr; nr face. n»c> can’t get any qir- swered and aren’t imit .its to factories or datrbl niers. which help doc & [o how a business is J|| mg any mstiiutional dr-, hues and meet stithtog; ; r e key to pleasing custocr some very angry' nr\> .it we have issued sellnts I. director of reser e\. which offers very is | g sen ices. “Conipanic lunish analysts who hr mpnmiises their (the am. tappened to Gerard L •tires Logsdon when he: | npaiiy Station Casino Us c. he cited increasing cw: and construction disnc the downgrade, ss. research director .• rating change wasn’t 3{r any ’s lop executives. * immunicate with manage ”C won’t don’t ! •rtain Welcome to college and financial freedom. Today: M find a (n find a nearby bank iVf open a checking account IB get a credit card ^ start credit history Tomorrow: □ buy books! Check out Bank of America for all your banking needs. Our convenient Student checking account makes paying for everyday purchases easy, and includes free Online Banking with Bill Pay 1 and a free Photo Security® Check Card. With a Student Gold Visa® credit card you’ll pay no annual fee’. When your credit card is approved we’ll even send you a CD-ROM with credit education including Quicken® 2002 New User Edition 3 Software so you can make the most of your newfound freedom. With both accounts you’ll get 24/7 Online Banking and access to thousands of Bank of America ATMs 4 . Establish your credit history, have anytime access to your money and be ready for whatever comes your way. It’s easy to apply for a credit card and open a checking account, lust speak to an associate at a nearby banking center For more information call Bank of America at 1.800.900.9000 or visit bankofamerica.com/studentbankingtoday. Bank of America embracing ingenuity * ' Internet access required. Other account-related fees still apply. ^Credit subject to approval Normal credit a , ^ 2002 New User Ed " ion softwar ' ,s “ fOT - s Bank of America, N.A. Member FDIC ©2002 Bank of America Corporation STU62-1C-08505500-AD Model/CA St Pr Texa.s least haf are somt mer Pre? ing to T1 In a students appearec such as' buck" (# urns’’ (# dents” H “1 thii best cart chemistr tradition: superior. Station a don’t ha> nnpanies arc so sensitive ihi he analyst to any gaihcnrp calls relumed." McGowan^ NEWS IN BRItf Champion skate donate talent in NEW YORK (AP) - * Kerrigan and other cha' skaters have offered theiM- for a fund-raiser at M*- Square Garden to raise sc ship money and honor a fighter lost in the ter attacks. The Sept. 20 event -1» "Stars, Stripes & Skates feature Olympic gold me- Viktor Petrenko, silver me: Kerrigan, bronze mefi Timothy Goebel, and the time U.S. national champic team of Naomi Lang and- Tchernyshev. "I always got so miucn from other people,” Kec told The Associated Press telephone interview frorr home near Boston. N°* know why I skated my s' life — so that maybe I c 311 somebody else. You don there alone." . .. Melissa lelpi organize event to recognize her < Jonathan, whose body^ pulled from the debris ° World Trade Center on Dec She and her friend, Tara c got the idea from their chi memories of skating m Neck, N.Y., on Long Island. Judge blocks sale Napster to invest SAN FRANCISCO (AP)/ Delaware bankruptcy F Tuesday blocked the sat Napster to its chief i nve ' Bertelsmann AG, killing 3 • that might have revived 1 song-swapping service legitimate business. Judge Peter J. Walsh issue ruling in Wilmington, Del. Bertelsmann had soU 8., purchase the remains o defunct Napster networ an additional $8 milli 01 ! 1 , sinking $85 million int° company to keep ^ a Napster has been off l |n more than a year. J Copyright-infringemen suits by several major f labels effectively c ^ eSf [I1 - Napster. Those record co ! nies also vigorously objed the sale of the comp 311 " Fii J Three- gettinj and h Cal pre Catholii side Hastir Playboy’s who were Big 12.” Mem be protested i tributing patrons. It Mary Beth dents featu chatted wii featured ii informatio was not at cultural joi The pro raphy is hi ber of St. I “The p women am [ develop a 1 Student I Playboy si ! first ament “Just as ! exercise ft
