No. of Recommendations: 5
Ever so supportive: The white-shoe bankers who took LinkedIn public last month came out with their first reports on the Mountain View company this week after its initial public offering.

The unanimous verdict: two thumbs way up.

"Every once in a while, a company comes around that transforms an industry in such a way that investors have difficulty grasping just how big it may one day become," raved a research analyst with Morgan Stanley, the lead underwriter for LinkedIn's initial public offering.

Analysts' reports from its other underwriters, JPMorgan Chase, Bank of America Merrill Lynch and UBS, were equally glowing - "transformative," "disruptive," "$10 billion long-term revenue opportunity" were some of the terms employed.

The reaction: LinkedIn's stock, which had drooped to the low $60s after its first-day pop of $100-plus per share, jumped 12 percent Tuesday, the day the reports came out.


How high, exactly, is that Chinese wall between the analysts and the investment side of the business?

The article then goes on to say this is not illegal as they waited out the mandated 40-day silent period between the IPO and their calls. 40 days? Really? Wow!

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/06/29/...

Cheers,
Jim
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.