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

To: bambs who wrote (58862)	4/8/2002 8:49:28 PM
From: bambs	Respond to of 77400

Blodget's words used against Merrill AG's case cites 'bad smell' e-mail, other comments By Allen Wan, CBS.MarketWatch.com Last Update: 7:24 PM ET April 8, 2002 NEW YORK (CBS.MW) - Former high-flying Internet analyst Henry Blodget may be gone from Merrill Lynch, but he'll live on in a series of revealing e-mails cited in the legal case against his former firm. The New York attorney general's case against Merill Lynch (MER: news, chart, profile) is based on a sworn affidavit that cites e-mail exchanges in which Blodget disparages some Internet stocks in private while he was recommending them to investors in public. Merrill said there was "no basis" for the attorney general's case and said the e-mails were taken out of context and were just "one piece of a continuous conversation, isolated at a single point in time - not the end conclusion." See full story. The attorney general's affidavit cited the case of InfoSpace. Merrill kept the stock on its "Favored 15" list from at least August 2000 until Dec. 5, 2000, although Blodget acknowledged as early as July 2000 that the stock was a "powder keg" and that "many institutions" had raised "bad smell comments" about it, the affadavit said. By October of 2000, he had referred to it as a "piece of junk," it said. In another reference, after initiating coverage of Internet company GoTo.com and being asked by an institutional investor "What's so interesting about GOTO except banking fees????," Blodget replied: "nothin.(sic)" Despite harsh criticism of Merrill's former Internet research chief, the attorney general's report noted moments when the analyst clearly seemed to have trouble with his conscience. "The absence of clear guidance from Merrill Lynch management on how to resolve conflicts created by these pressures led respondent Henry Blodget, the head of the Internet group, in a moment of candor, to threaten to 'start calling the stocks... like we see them, no matter what the ancillary business consequences are,'" Eric Dinallo, counsel to Attorney General Eliot Spitzer, said in his sworn affidavit. Blodget left Merrill Lynch late last year after accepting a buyout package.

To: bambs who wrote (58862)	4/9/2002 6:17:04 PM
From: Jacob Snyder	Read Replies (3) \| Respond to of 77400

re: 2000$/ounce gold: There is gold in seawater, in minute concentrations. Somebody is going to figure out how to genetically engineer coral, so it extracts the gold, and builds reefs that are 50% gold by weight. Also, there are a lot of poor-quality, and difficult-to-reach potential mines, that are unprofitable at <300$/ounce, but become profitable at steadily higher prices. A panic, an "exogenous shock", a bout of inflation, may spike the price of gold up. But, you'd better sell into it, because it won't last. After a lag of a couple of years, an increase in supply will meet any higher demand. This is a commodity we're talking about. I predict the price of gold, over the next 10 years, will be less than 300$ (in 2002 dollars). And, over that time period, CSCO will outperform NEM.