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To: Boplicity who wrote (4644)11/14/2001 2:11:18 PM
From: Venkie  Read Replies (2) | Respond to of 13815
 
ntap didn't give investors enuf to hold on to..It may hv to go back down a bit from here and try next qtr. stor seems to be holding.



To: Boplicity who wrote (4644)11/14/2001 11:22:50 PM
From: jhg_in_kc  Respond to of 13815
 
Analyst Henry Blodget, best known for an audacious call on Amazon.com during the Internet bubble, has taken a buyout offer from Merrill Lynch, according to a published report.

Blodget rode the Internet boom to fame and wealth before the bubble burst in April 2000. He'll reportedly receive about $2 million in severance, the New York Times reported.

Blodget put a $400 price target on Amazon (AMZN: news, chart, profile) in Dec. 1998, while still working at CIBC Oppenheimer. Jonathan Cohen, who was then Merrill's Internet analyst, predicted Amazon could fall as low as $50.

Amazon did indeed top $400, on a pre-split basis, just a few weeks later. Shortly thereafter, Cohen had left Merrill and Blodget had his job.

Blodget told the newspaper he plans to write a book about the Internet bubble.

Merrill Lynch (MER: news, chart, profile) offered buyouts to nearly 50,000 workers.

Blodget took criticism as the Internet bubble collapsed for continuing to maintain positive ratings on stocks as they lost most of their value. In July, Merrill Lynch paid $400,000 to a former client to settle allegations he was misled by overly optimistic research by Blodget.

He was also criticized for his ratings on Pets.com and EToys, which both went out of business before turning a profit.

Blodget, 35, was recently married.