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What 60 Minutes Did Not Tell You

60 Minutes is a great news show when it comes to finding out about new businesses, new products or even just people in the news. But let`s face it, sometimes even 60 Minutes fails to discuss something in all views, which may lead some sides of the story untold. Gradient Analytics are looking to cover their side of their story with 10 facts that the show managed to leave out. Gradient Analytics, Inc. released the following statement tonight concerning CBS? 60 Minutes segment: ?Tonight 60 Minutes allowed Biovail to air publicly its false and unproven allegations against Gradient Analytics.

The 60 Minutes segment was flat wrong in many respects. In typical fashion, 60 Minutes glossed over or failed to report facts that complicated its simplistic format -- facts that would have altered the viewing public?s understanding of the nature and importance of independent research on publicly-traded companies. Gradient has been forced to defend practices both legal and appropriate because former customer or sales representatives have since their departure been incorrectly led to believe that their practices were wrong and have intentionally mischaracterized them.

It is unfortunate that the former employees are being subjected to intense pressure from the investigators and attorneys representing the Biovail/Overstock.com group. However, they do not possess the knowledge or the acumen to judge the skill level of analysts and the content of reports. The analysts (current and former) are the ones who did the work. To a person, these analysts adamantly deny that any report was anything other than their independent analytical work. Gradient did not collude with asset managers or journalists to drive down security prices nor did Gradient accept ?ghost written? reports. Anyone who says so is simply wrong.