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

To: manalagi who wrote (117415)	2/11/2001 1:44:54 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

I am aware that the bulk of a firms money come from underwriting. I still may complain. I really have no clue why anyone would listen to Blodget. His record is horid. Glenn

To: manalagi who wrote (117415)	2/11/2001 10:34:05 AM
From: Bob Kim	Read Replies (2) \| Respond to of 164684

The juiciest business is the underwriting of equity or debt offerings. That's why only a handful of those 5000 stocks covered by analysts are rated a "Sell". manalagi, You give undue attention to a popular fallacy in regard to ML and AMZN. ML hasn't been an underwriter for AMZN. The reason there are few SELL ratings is because most stocks that would be SELL rated aren't even worth the effort to start covering or continue covering. He even got promoted to cover Softie. Since 1995, MSFT has been covered by 5 different analysts at ML. I wouldn't call it a promotion, but I think that those who suggested that there was a desire to add some substance to his coverage might have a point. Many of the stocks he covers wouldn't even now make it through ML's initial screening for initial coverage. Unfortunately, the market listens to him. Witness MSFT stock dropped when he started coverage on the company. If the market was listening to him, the stock would have moved HIGHER not lower. An Accumulate rating is a positive rating.