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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Sharck who wrote (37153)11/15/2001 12:42:25 AM
From: puborectalis  Read Replies (1) | Respond to of 37746
 
Blodget to leave Merrill Lynch
By CNET News.com Staff
November 14, 2001, 9:05 p.m. PT
Internet stock analyst Henry Blodget will take a buyout offer from Merrill Lynch, taking advantage of a buyout offered to nearly 50,000 workers, according to published reports.

Blodget couldn't be reached for comment. A Merrill spokesman declined to comment.

The package is reportedly worth nearly $2 million.

Blodget, 35, was catapulted into the spotlight when he predicted that shares of Amazon.com would soar to $400 in 1998. The Seattle-based e-tailer's stock did eventually surpass $400 a share.

However, he also took criticism about his stock picks, including Pets.com and eToys, both of which failed before they turned a profit.