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To: Glenn D. Rudolph who wrote (78725)	9/27/1999 4:03:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 164684

Glenn, Your pal Henry called UBID the best value on the net. The "12-18 month" price target is $50. Although back in March he thought $90 was a good target. This was your heads up<ggg>: To: Glenn D. Rudolph (77501 ) From: Bob Kim Thursday, Sep 16 1999 9:30PM ET Reply # of 78730 Glenn, I think PCLN could make it into ML's Holiday Basket if and when it comes off the restricted list. Blodget called it a "core" when it was in the $120s. He's got to like the valuation better here. If you're daring, UBID is also currently restricted at ML. Bob

To: Glenn D. Rudolph who wrote (78725)	9/27/1999 4:09:00 PM
From: TraderTerry	Respond to of 164684

Merrill Lynch analyst Henry Blodget said Monday he raised his rating on online auction house uBid Inc. (NasdaqNM:UBID - news) to near-term buy from accumulate. -- Shares of uBid were at 27-1/4, up 4-1/4 in early morning trading on the Nasdaq stock market. -- Maintained long-term rating at buy. -- Twelve to 18-month price target at $50. -- Blodget said, ``'Undervalued' is not a word that Internet analysts get to use very often. It is the only one, however, that we believe accurately describes the current status of uBid's stock.' -- Said uBid is leader in business-to-consumer auctions and is now entering into the business-to-business market as well. -- Said market research firm Forrester Research estimates online auctions will become a $65 billion market by 2002, with $12 billion in business-to-consumer and $53 billion in business-to-business. -- Said uBid has three of the key criteria for success in e-commerce: 1) focus on both sides of its business: product sourcing and the end-user experience; 2) scaleable fulfillment and distribution facilities; 3) a talented management team.