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Technology Stocks : Cisco Systems, Inc. (CSCO) -- Ignore unavailable to you. Want to Upgrade?

To: Paul Reuben who wrote (47607)	1/30/2001 11:27:06 PM
From: Bob Kim	Respond to of 77400

It was a well-done expose, IMO. I'm not defending the analysts, but the reporting in that piece leaves a lot to be desired. If you are going to make a point about an underwriter conflict of interest why do you cite Merrill Lynch and Amazon when Merrill Lynch isn't even one of Amazon's underwriters. Why don't you point out that Blodget (spelled with one "t") has upgraded AND downgraded AMZN twice at Merrill. If you are going to use Pets.com as example at least get the FACTS correct. How can Blodget recommend a stock at $16 if the stock never made it higher than $14. A lot of research is stupid on its own merits, regardless of any conflict of interest. I'm surprised when former sell-side analysts make the comments they do. They seem to admit they broke securities laws.