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To: Joseph Beltran who wrote (8229)	7/24/2001 7:54:57 PM
From: BWAC	Respond to of 17683

OHmy. Did they really let the Merill PR team come on and give off the warm and fuzzy vibes? Merrill: Be Bullish or is it Be Bullsh*t? Why weren't two very simple question asked. HOW can you recommend investors to purchase a stock at a $100 Billion market cap, when it has no sales or earnings? In doing so, DID you act professionally?

To: Joseph Beltran who wrote (8229)	7/24/2001 9:34:38 PM
From: Bob Kim	Read Replies (1) \| Respond to of 17683

Joseph, The analyst conflict-of-interest argument is probably the one ML fears the least and the one they would probably win most of the time. So they probably don't mind the media's fixation with it. The angle they probably fear is the one that addresses whether or not Blodget's research and actions met appropriate standards. IMO, a lot of his research did not. Based on your comments from today's CNBC interview, I'm guessing ML is going to defend Blodget. If that's the case, then someone along the research approval chain might be targeted as a scapegoat for approving inappropriate research or not catching Blodget's mistakes.

To: Joseph Beltran who wrote (8229)	7/24/2001 10:31:44 PM
From: AugustWest	Read Replies (1) \| Respond to of 17683

Joe, I saw the interview as well. I imagine there is only so much prodding Ted or anyone could do to keep things amicable. We're not talking 20/20 or 60 minutes here. They need to have these guys come back. Besides, I think the point was clearly made and I doubt any of the viewers bought his line anymore. Quote the raven, nevermore!

To: Joseph Beltran who wrote (8229)	7/25/2001 11:48:52 AM
From: Ron	Respond to of 17683

There is an excellent article today in Investors Business Daily on whether you should try to catch a falling knife when a stock is plunging. They use CSCO as an example in spring of 2000 when it was strongly touted by an analyst on CNBC, then a few weeks later by Maria Bartiromo. The accompanying chart shows the dates of the "strong buy" comments and the plunge off the cliff from there and also later in the year. A really good line from the article is "Would you attempt to catch a falling knife because a TV personality told you to?" At any rate..if IBD was in bed with CNBC the way the WSJ is..we would not see this kind of factual reporting. Another reminder aboutr media incest and the problems therein. FYI