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From: "GWENAEL GAUTIER, CAISSE DES DEPOTS ET" <GGAUTIER@xxxxxxxxxxxxx>
Subject: (BN ) Merrill's Blodget Says 75% of Internet Companies Will
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Merrill's Blodget Says 75% of Internet Companies Will Fail
3/2/0 10:43 (New York)
Merrill's Blodget Says 75% of Internet Companies Will Fail
New York, March 2 (Bloomberg) -- Merrill Lynch & Co.'s Henry
Blodget, one of the best known Internet analysts, said that three
quarters of all Internet companies will fail within five years.
Of all Internet companies, ``75 percent will disappear within
five years and 75 percent will never make money, or sell
themselves,'' Blodget said at the Silicon Alley 2000 Internet
conference.
Blodget, who made a name for himself by predicting the surge
in Amazon.com Inc.'s stock price, said the Internet industry is
still only half grown, though the second half of its growth will
be less valuable than the first.
He predicted that the industry will grow to $2 trillion to $3
trillion over the next five to 10 years.
The Internet market is changing, Blodget said, because we're
getting to the point where, ``investors have had their fill of
Internet stocks. There's little scarcity value left.''
--Anthony Massucci in New York through the Princeton newsroom
(609) 279-4000/dl
Story illustration: Type BUSNET <Index> GP D for a graph of the
Bloomberg Internet index over the past year.
Company news:
AMZN US <Equity> CN
MER US <Equity> CN
NI Codes:
NI US
NI NY
NI INTERNET
NI TEC
NI RET
NI COS
NI CONS
NI ECOM
NI USNE
-0- (BN ) Mar/02/2000 10:43
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