Tuesday, January 20, 2004

Analyze This: Blodget�s New Act:

"Mr. Blodget sprang from the relative obscurity of CIBC Oppenheimer, where had worked as an analyst. In 1998, he boldly suggested that Amazon.com, then trading at about $240, would surpass $400 a share. When the prophecy was quickly fulfilled, he was hired by Merrill Lynch, which had been left out of most of the lucrative underwriting business in the boom and was looking to raise its visibility."

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