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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: KevinMark who wrote (77781)	2/22/2000 7:00:00 PM
From: puborectalis	Respond to of 108040

Merrill Gurus See Heat In Infrastructure, B2B (02/22/00, 5:00 p.m. ET) By Mo Krochmal, TechWeb NEW YORK -- Henry Blodget, the Merrill Lynch Internet analyst who made his name by foreseeing Amazon.com's meteoric rise, is turning to a new marketplace. Tuesday, in a media event at the financial giant's New York headquarters, Blodget said business-to-business and technology infrastructure companies are on the rise for investors, while business-to-consumer plays, like Amazon.com, are slowing down. "The focus is on infrastructure and business-to-business," Blodget said. "That's where the action is and where you are going to see the high fliers." Blodget said some 25 to 50 companies in the business-to-business sector are queuing up to go public this year, doubling his pre-Christmas estimate. But, beware Blodget said. "There has never been this much growth, this fast, this long with so little real revenue behind it," he said. Blodget said 70 percent of the companies that are going public today will, in three to five years, be bankrupt or merged with other companies. While Wall Street may have missed the early signs of the growth in the Internet business-to-consumer sector, don't count on the market doing that with the business-to-business market, he said. "The market is not going to underestimate this opportunity," he said. "We should see some good numbers for the next several years. I think the market is ahead of itself on this one." Chris Shilakes, Merrill's enterprise software analyst, said the market-maker companies that are coming to market based on technology that automates order matching will soon evolve to new forms. "The next big wave is connecting exchanges and making them more global," Shilakes said. Steve McClellan, computer service analyst, said he sees one common thread in the marketplace for technology. "All roads will lead through services," McClellan said.