"Buy" and "accumulate" recommendations were plentiful, even when Merrill's internet analysts, led by Henry Blodget, belived the company to be hopeless. The shares of excite@home, rated as short-term accumulate and long-term buy, were described in internal emails by one Merrill Internet analyst as "such a piece of crap". Nothing was interesting said Mr Blodget about GoTo.Com, a long-term buy, "except banking fees". Of InfoSpace, both a short- and long-term buy, the "stock is a powder keg"
posted by Matthew @ 4/12/2002 09:08:00 AM
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