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

Q&A: Portfolio Advisors' Brian Murphy On The Advantages of A Private Markets Platform

Jan 2 2018 | 11:05am ET

Most private markets firms reference their platforms as a source of competitive...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: The Top Hedge Fund Industry Trends for 2018

Jan 2 2018 | 12:22pm ET

Each year, Don Steinbrugge’s Agecroft Partners compiles the insights gained...

 

FINalternatives Trending

From the current issue of