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To: Sarmad Y. Hermiz who wrote (42039)	2/23/1999 9:08:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Merrill set to name Internet bull as key analyst By Eric Auchard NEW YORK, Feb 23 (Reuters) - Merrill Lynch <MER.N> is expected to name CIBC Oppenheimer analyst Henry Blodget as its lead Internet stock analyst, replacing the recently departed Jonathan Cohen, who had acted as Blodget's nemesis in recent Wall Street debates over how to value the volatile sector. Blodget, who as an analyst at CIBC Oppenheimer became widely known on Wall Street for bullish investment calls on the emerging sector, has left the firm to take a similar role at Merrill Lynch, CIBC spokeswoman Debra Douglas said Tuesday. A Merrill spokeswoman declined to comment on whether the investment bank had hired Blodget for the high-profile spot. The personnel shift could signal a sea change in how the largest U.S. brokerage, and the millions of retail customers it advises about investment choices, assess the value of the wildly traded technology sector. A banker at another New York investment firm said the shift that Merrill's expected move would represent indicated the continuing ambivalence Wall Street has to speculative Internet stocks and their stunning price gains. "There's so much attention given to analysts in this position," the Internet banker said of the high value investors put on research that can predict future financial results. "It emphasizes the enormous uncertainty of the advice." Both analysts covered a similar group of companies -- names like America Online Inc.<AOL.N>, the dominant Internet services company, Amazon.com Inc.<AMZN.O>, the leading Internet retailer, and Yahoo! Inc.<YHOO.O>, the most popular destination on the Web. But the analysts have come to represent nearly 180-degree opposing views on investing in such companies. .........