Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Rob S. who wrote (115316)	1/15/2001 1:33:08 AM
From: Bob Kim	Read Replies (1) of 164684

Blodgett finally got around to downgrading AMZN and urging caution after it had plummeted. You should get your facts straight. He's actually downgraded AMZN twice at Merrill. Both times following upgrades. Net-net, AMZN is at the same rating as when he started coverage, but at a 1/4 of the price. AMZN still has a very high rating at ML. It is rated higher than CPQ, INTC, AMAT, NVLS and the same as MSFT and ORCL. I don't blame the poor naive Blodgett so much as I do his whore house employer. ML has given Blodget a lot of research slack. Other ML analysts don't get away with the same stuff. The excuse has been something along the lines of it's an "internet" thing. I think ML hopes it doesn't come back to haunt them.

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