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To: playavermont who wrote (1383)	3/2/2000 11:57:00 PM
From: Goldbug Guru	Read Replies (2) \| Respond to of 3070

Merrill's Blodget Says 75% of E-Companies Will Fail (Update1) By Anthony Massucci Merrill's Blodget Says 75% of E-Companies Will Fail (Update1) (Adds details on Blodget's comments starting in sixth paragraph.) New York, March 2 (Bloomberg) -- Merrill Lynch & Co.'s Henry Blodget, one of the best known Internet analysts, said that three quarters of all Internet companies will fail within five years. Of all Internet companies, ``75 percent will disappear within five years and 75 percent will never make money, or sell themselves,' Blodget said at the Silicon Alley 2000 Internet conference. Blodget, who achieved notoriety by predicting the surge in Amazon.com Inc.'s stock price, said the Internet industry is still only half grown, though the second half of its growth will be less valuable than the first. He predicted industrywide revenue will rise to $2 trillion to $3 trillion in the next five to 10 years. The Internet market is changing, Blodget said, because investors are getting to the point at which they have ``had their fill of Internet stocks. There's little scarcity value left.' Value exists in wireless, business-to-business, and Internet infrastructure stocks such as Internet Capital Group Inc., Ariba Inc. and InfoSpace.com Inc., Blodget said. He also said HomeStore.com Inc. and DoubleClick Inc. are less expensive than their true value. ``I think the privacy concerns will pass at DoubleClick,' he said.