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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (117306)	2/11/2001 1:22:13 AM
From: manalagi	Read Replies (2) of 164684

I am a client of Merrill and have emailed asking the powers to be to dismiss Blodget. I am reasonably sure Merrill's powers that be will not listen to me but at least I tried. Glenn: Any brokerage firm is mainly interested whether the analyst can bring business to the firm. The juiciest business is the underwriting of equity or debt offerings. That's why only a handful of those 5000 stocks covered by analysts are rated a "Sell". Although commission is a part of brokerage firms revenue, the easy money comes from underwriting. How else can you explain Blodget was paid $ 15 million? He even got promoted to cover Softie. Most of us agree that Blodget analyses do not make sense. Unfortunately, the market listens to him. Witness MSFT stock dropped when he started coverage on the company.

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