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Technology Stocks : America On-Line (AOL)
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To: Pruguy who wrote (22956)6/18/1999 8:44:00 AM
From: Rascal  Read Replies (1) of 41369
 
RE: Henry Blodgett. I find it interesting that when Blodgett was at CIBC Oppenheimer he said that $400.00 was the price target for AMZN before year end 1998.Then Jonathon Cohen (who was then at Merrill) said AMZN was worth $40. ( His negativity on the internets represented Merrill's pooh poohing of the internet as a business.
I remeber they had a one-on-one on CNBC and Blodgett trumpeted AMZN at $400., Cohen saying fooey, it's only worth $40.

Now Blodgett is at Merrill ( and he is more toned down on the nets) and Cohen is at Wit Capital and he's the Internet Guru now!
My lesson: watch the agenda of analysts and how their employment seems to have a big impact on what they say!
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