I had occasion this morning to re-read an old email from former Merrill Lynch analyst Henry Blodget concerning InfoSpace, a once-hot Internet stock. Back when this case was being prosecuted people made much of the following comment from Blodget concerning the stock:
While that is certainly damning, and the phrases I have highlighted are particularly so, no-one ever talks about the email to which Blodget was responding so angrily. Here it is:
Let’s get this straight: A salesperson at Merrill Lynch (and a former lawyer) actually thinks that the annual report of a publicly-traded company was handwritten. And you wondered why Henry was sounding so put out — the salespeople had driven him around the bend.