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Technology Stocks : eBay - Superb Internet Business Model

EBAY 80.84

-0.2%

3:59 PM EST

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To: Lizzie Tudor who wrote (7493)	4/23/2006 1:59:10 PM
From: Paul Chiu	of 7772

Kessler at S&P Comstock is not recognized by Bloomberg or track by Bloomberg as an analyst on Google. Kessler is often invited on Bloomberg Radio, Bloomberg and CNBC television because he is a bear on most of his companies. He is a predictable source to present the bearish view. Much as Morgan Stanley's economist Steve Roach can be relied upon to present an ugly American business and inflation cycle. When Kessler was last on Bloomberg TV, the host quoted that Kessler was a Google bear and he has a $70 target on goog. Kessler did not correct the host, so that was why on Thursday I quoted that $70 number. Since then, someone quoted that $370 was the last target and after Thursday's earnings report, S&P raised it to $470. The person at S&P responsible for the $470 may not be Kessler, as once again, Bloomberg did not attribute the hike to Kessler. BIAIM, S&P hike to 470 from 370 while maintaining a HOLD rating shows the great subjectivity of S&P's research. I'd love to see S&P's BUY stocks that can beat a return of 470/370 or 27% in the same industry or the overall market in general. Paul

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