Analyst Says Expert Network Pushed For Public Co. Experts

Sep 9 2011 | 12:04pm ET

A former analyst at Primary Global Research testified yesterday that the company sought out would-be consultants at publicly-traded companies, and offered up the example of one as a reason why.

Bob Nguyen, a technology analyst at the expert-network who has pleaded guilty to insider-trading charges, said Primary Global executives pushed him to recruit public company employees—"they were more insightful working at publicly-traded companies," he told the jury.

Nguyen, testifying in the trial of former Primary Global sales executive James Fleishman, went into detail about his dealings with one consultant, Mark Longoria, formerly of Advanced Micro Devices.

Longoria was Primary Global's most popular technology expert, Nguyen said. He described three phone calls with Longoria, who has pleaded guilty and who is expected to testify later in the trial, in which Longoria offered revenue forecasts and average sales prices.

"I stepped out of the meeting and said, 'Wow, this is pretty detailed information,'" Nguyen testified.

"I remember his saying he got [confidential revenue figures] from a buddy in finance," he added.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of