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What is Mark Mahaney smoking?

Posted on May 15, 2008

Whatever it is, I would like some. According to Henry Blodget, the Citigroup analyst seems to think that Amazon will be selling $750-million worth of its Kindle e-book readers within two years. What actual data is this analysis based on, you ask? Absolutely none whatsoever, as Kevin Maney points out at Portfolio, since the company has refused to give any details about Kindle sales. In other words, it s just a bald-ass guess. And as far as I can tell, it s a howler.As Henry himself knows all too well, making outlandish claims about what stocks and/or products will do in the future can get y...

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