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(Image from article: "Jim Cramer is Right that LinkedIn's Underwriters Juiced the IPO")

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Google downgraded by Morgan Stanley

Morgan Stanley analysts downgraded Google Inc shares to "equal-weight" from "overweight" on Friday, citing an expected decline in margins in this year and the next.

 

Jim Cramer is Right that LinkedIn's Underwriters Juiced the IPO

Jim Cramer is Right that LinkedIn's Underwriters Juiced the IPO

Jim Cramer got really angry on CNBC yesterday. The LinkedIn (LNKD) IPO got him in a tizzy. Why? Because he said that the underwriters for the offering (Morgan Stanley (MS), B of A Merrill (BAC), and JP Morgan Chase (JPM)) decided to play the old “dot com” games of only releasing an artificially small amount of shares on the market, in hopes of creating a feeding frenzy.

 

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