Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : InfoSpace (INSP): Where GNET went! -- Ignore unavailable to you. Want to Upgrade?

To: faqsnlojiks who wrote (26872)	4/10/2002 10:50:21 AM
From: levy	Read Replies (4) \| Respond to of 28311

Joe do you have any other reference to the attorney gerenal's case.......Merrull is likely to go down big on this if you ask me. As you may recall they have already admitted some guilt by paying off an Indian physician in New York for bad advice on the Infospace issue. I am surprised others have not sued Merrill over their Infospace recommendation...perhaps they have and its been kept silent......Merrill's problem was that they were right in the middle of the merger with Go2net at the time they should have been downgrading Infospace so I am sure there was pressure from the highest levels to say nothing until the merger was complete...finding evidence to support this opinion will be hard but it sounds like the attorney general office is looking for it....as to this comment in the article, what exactly were they were referring to in reference to "bad smell". "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.