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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (110392)	10/13/2000 1:44:42 AM
From: H James Morris	Respond to of 164684

Glenn, When the going gets tough...the tough goes to Nashville Tennessee. I'm outta here, until next week. Btw This will be the first time I've been to Nashville...I wonder if there's any pimps there? >NEW YORK, Oct 12 (Reuters) - Morgan Stanley Dean Witter & Co. <MWD.N> joined long-time leader Merrill Lynch and Co. Inc. <MER.N> as Wall Street's top stock research firm, according poll of big-time investors by Institutional Investor magazine. Already familiar faces in a long-running bull market, analysts strive to be recognized in the prestigious poll. A number-one ranking is a feather in the cap and a major driver of higher pay and bonuses. Morgan Stanley climbed from third place a year ago to match Merrill Lynch, with 55 analysts receiving a "runner-up," or better, rating in the poll. Merrill had held the top spot for the past five years, the magazine said. Ironically, one of Merrill's most recognizable analysts overtook a Morgan Stanley star in the closely watched electronic commerce and new media sectors. Merrill Lynch analyst Henry Blodget overtook Morgan Stanley's Mary Meeker, who had been rated the top Internet analyst since 1996. Blodget, a former journalist who made a name for himself in 1998 by setting a $400 share price target on Amazon.com Inc. <AMZN.O>, sent a blast e-mail to thank those who supported him in the poll. The recognition comes as most of the stocks -- and his picks -- in his sector have taken a beating. "In the current market environment, it feels a bit like being elected to the shuffledboard on the Titanic," Blodget joked in note sent on behalf of the Merrill Internet team, thanking its supporters. Blodget in August drew criticism from the investment community when he downgraded 11 of the 29 stocks he covered. His move was viewed as being too little, too late, as some of the companies were already trading more than 80 percent off of their highs. Nevertheless, research directors, fund managers and large clients polled by the magazine propelled him to the No. 1 ranking. Meeker, deemed "Queen of the Internet" by financial media, finished a close second in the race for top new media analyst but was "handily" beaten by Blodget in the e-commerce vote, the magazine said. Salomon Smith Barney, the investment banking arm of Citigroup Inc <C.N>, Credit Suisse First Boston <CSGZn.S> and Donaldson Lufkin & Jenrette <DLJ.N>, which Credit Suisse plans to buy, rounded out the top five investment firms. Institutional Investor polled research directors, fund managers and large clients of Wall Street firms, asking them to name the top analysts in 82 industries. More than 725 institutions received ballots, the magazine said. 18:04 10-12-00