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No. of Recommendations: 10
Bill, the main point that people have made is that you had no familiarity with the posts or message board in question and yet expressed an opinion regarding the case.

The Elan board on Yahoo was an excellent board. Good content, good attitudes, the occasional nutbar, but on the whole very reasonable. The posts in question are, with one exception, opinions about the quality of Maris' work. Some question whether anyone getting paid to research a company so clearly executing a winning business plan could come out with such negative positions on the company and its prospects. Maris, his analyses and his motives were all opined on for good reason.

As far as I know, the message board was lightly read. It isn't anymore. CSFB has essentially pointed out how amateurs, in real time, did a better job of appraising Elan and other companies than their own analyst. Furthermore, CSFB now invites people to sift through their dirty laundry and publicize what is found.

Lastly, where CSFB suffered no lost business due to posters with names like Diogenes, Splaylaywahtheepi and LA_Broker, they are now likely to have lost significant business due to their own actions: alienating individual and institutional investors, and alienating others who may be put off by regurgitated allegations of past CS actions. Look: if Alan Greenspan or Peter Lynch had really taken Maris to task, that MIGHT have cost CSFB some small amount of business, but does anyone care if "wbpxxx" said anything about anything? I mean, he could be writing from cell block C or from McMurdo station, or from his 3rd grade classroom.

Bill, saying that you would rather have a monkey pick your stocks than David Maris does not constitute anything other than one man's opinion. You may consider that opinion vulgar, and that is your right; but, compare Maris' buy recommendations with the first 10 companies (alphabetically) in the biopharm sector during 1999: the latter were up 330%. Imagine your disappointment if the analyst at your brokerage firm couldn't out-do some whacko's phonebook approach.

You are welcome to compare my writing to the proverbial million monkeys spewing stuff out until they write the complete works of shakespeare. I can take it...

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