Michael Pachter, an analyst with Wedbush Morgan Securities, said Tuesday that he likes Netflix and has no wish to see the company kill its nascent streaming movie service.
I wrote Monday that Pachter was being too short sighted by questioning the size of Netflix's investment in a streaming-movie service. After reading the research report Pachter issued last week, I believe his arguments deserve closer examination.
Quotes from Pachter appeared in a story last week in Portfolio.com (via Wired.com) about how the costs of establishing a digital rental service are making some Netflix investors nervous. Pachter speculated in … Read more