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To: MIKE REDDERT who wrote (14697)	8/18/1999 9:23:00 AM
From: Susan Saline	Read Replies (1) \| Respond to of 29970

if the NAZ co-operates ... we should see a good +3 or so today

To: MIKE REDDERT who wrote (14697)	8/18/1999 12:14:00 PM
From: grogger	Respond to of 29970

They upgraded YHOO and AMZN. They said to buy ATHm for the holidays, but did not upgrade their rating. Still, very positive. If investors start looking forward toi the Holiday shopping season, internets could take off again

To: MIKE REDDERT who wrote (14697)	8/18/1999 2:03:00 PM
From: tajen	Read Replies (1) \| Respond to of 29970

Blodget Recommends Amazon, Yahoo, Other Internet Shrs (Update3) Blodget Recommends Amazon, Yahoo, Other Internet Shrs (Update3) (Adds Internet stock index in 2nd section. Updates stocks.) New York, Aug. 18 (Bloomberg) -- Merrill Lynch & Co. analyst Henry Blodget recommended the stocks of eight companies poised to benefit from stronger holiday Internet sales, including Amazon.com Inc. and Yahoo! Inc., sending their shares up. Revenue from online purchases and advertising could double or triple from the level of last year's holiday season, Blodget said. No. 1 online bookseller Amazon.com and top Internet service America Online Inc. stand to reap the biggest share, he said. The eight stocks could trade 50 percent to 100 percent higher by year-end, Blodget said. He also recommended that investors buy eToys Inc., Excite At Home Corp., Lycos Inc., Inktomi Inc. and Barnesandnoble.com Inc. The stocks ''offer a sound way to play the fundamental strength and renewed investor enthusiasm we expected to see during the fall and holiday shopping season,'' the widely followed Internet analyst said in a report to clients. Amazon.com rose 7 3/4 to 117 in late morning trading, while America Online rose 3 1/2 to 101. Blodget raised his ratings on Amazon.com and Yahoo to ''short-term buy'' from ''near-term accumulate.'' Yahoo rose 8 7/8 to 147 3/4. Online toy retailer eToys was the biggest gainer, surging 6 3/16, or 15 percent, to 46 7/16 after earlier rising as much as 21 percent to 48 3/4. Excite At Home increased 2 1/16 to 41 11/16 while Lycos rose 3 9/16 to 45 7/8. Inktomi rose 3 to 119 and Barnesandnoble.com increased 2 5/16 to 19 1/16, a 14 percent gain. ''Although we are still marooned in August, Santa's sleigh ride is only five months away -- and this year, we think he'll be doing a lot of his shopping online,'' Blodget wrote. Internet Forecasts Blodget's forecast comes as Internet stocks already were rising because of rosy predictions for the holiday shopping season. Through yesterday, the Bloomberg Internet Index has increased 19 percent since Aug. 9. Companies that sell on the Web are expected to see sales rise to $36.6 billion this year from $14.9 billion last year, according to a study published last month by the Boston Consulting Group. Blodget is one of the most widely followed Internet analysts. He came to prominence in December after he predicted Amazon.com could reach $400 a share within 12 months. Shares of the No. 1 online bookseller surged after his forecast, and reached his $400 price target in early January. Amazon.com's shares have dropped 21 percent since Jan. 6, and tumbled 48 percent since its high on April 23 of 210 1/8. Amazon.com's shares split three for one on Jan. 5. Blodget, who joined Merrill from CIBC Oppenheimer & Co. earlier this year, has scheduled a conference call with his clients later this morning.