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Summary Notice of Proposed Class Action Settlement and Hearing Thereon In In Re Merrill Lynch & Co., Inc. Research Reports Securities Litigation

NEW YORK, April 16 /PRNewswire/ -- The following release was issued today by the law firm KAPLAN FOX & KILSHEIMER LLP:


    TO: ALL PERSONS WHO PURCHASED THE COMMON STOCK (OR DEPOSITORY RECEIPTS) OF
THE FOLLOWING COMPANIES DURING THE PERIODS LISTED BELOW OR WHO PURCHASED, IN A
PRIVATE PLACEMENT, QUOKKA SPORTS, INC. 7% CONVERTIBLE SUBORDINATED PROMISSORY
NOTES DUE SEPTEMBER 15, 2005:

    Company                            Ticker Symbol      Class Period

    Aether Systems                         AETH      11/15/1999 - 02/07/2001
    B2B Internet HOLDRs Trust              BHH       02/24/2000 - 04/08/2002
    CMGI, Inc.                             CMGI      03/23/1999 - 11/14/2000
    Doubleclick, Inc.                      DCLK      11/29/1999 - 04/15/2001
    ETOYS, Inc.                            ETYS      06/17/1999 - 11/08/2000
    EXCITE@HOME                            ATHM      06/07/1999 - 04/26/2001
    Exodus Communications, Inc.            EXDS      12/08/1999 - 06/19/2001
    GoTo.com, Inc.                         GOTO      01/11/2001 - 06/06/2001
    Homestore.com, Inc.                    HOMS      09/08/1999 - 09/21/2001
    InfoSpace, Inc.                        INSP      12/06/1999 - 01/22/2001
    Internet Architecture HOLDRs Trust     IAH       02/24/2000 - 04/08/2002
    Internet Capital Group, Inc.           ICGE      08/30/1999 - 11/08/2000
    Internet HOLDRs Trust                  HHH       09/23/1999 - 04/08/2002
    Internet Infrastructure HOLDRs Trust   IIH       02/24/2000 - 04/08/2002
    iVillage, Inc.                         IVIL      11/09/1999 - 05/07/2001
    Lifeminders Inc.                       LFMN      09/28/2000 - 01/31/2001
    Looksmart, Ltd.                        LOOK      05/25/2000 - 01/11/2001
    Openwave Systems, Inc.                 OPWV      10/16/2000 - 08/13/2001
    PETS.COM, INC.                         IPET      03/08/2000 - 11/07/2000
    Quokka Sports, Inc.                    QKKA      08/23/1999 - 01/09/2001

YOU ARE HEREBY NOTIFIED, pursuant to an Order of the United States District Court for the Southern District of New York, that a hearing will be held on July 18, 2007, at 11:00 a.m. before the Honorable John F. Keenan, United States District Judge of the Southern District of New York, 500 Pearl Street, New York, NY 10007 (the "Settlement Hearing") for the purpose of determining: (1) whether the proposed Settlement consisting of the sum of $125,000,000 in cash, plus a cash amount equivalent to interest which has been accruing since March 30, 2006, should be approved by the Court as fair, reasonable, and adequate; (2) whether the proposed plan to distribute the settlement proceeds (the "Plan of Allocation") is fair, reasonable and adequate; (3) whether the application for an award of attorneys' fees and reimbursement of expenses should be approved; and (4) whether the Actions should be dismissed with prejudice.

If you purchased any of the securities of any of the companies listed herein during the specified Class Periods, your rights may be affected by the Settlement of the Actions. Indeed, if you have or may have any pending claims including arbitration claims against Merrill Lynch or any of its employees relating to research reports issued by Merrill Lynch regarding any of the 20 securities listed herein, your rights will be affected by this Settlement and its releases.

If you have not received a detailed Notice of Pendency and Proposed Settlement of Class Actions and a copy of the Proof of Claim and Release, you may obtain copies by writing to Merrill Lynch Litigation Settlement, c/o Analytics Inc. Claims Administrator, P.O. Box 2004, Chanhassen, MN 55317-2004; or by calling 1-888-217-2225; or by visiting www.merrilllynchsettlement.com. If you are a member of any Class, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release no later than August 31, 2007, establishing that you are entitled to recovery. You will be bound by any judgment rendered in these Actions whether or not you make a claim.

Any objection or exclusion to the Settlement, Plan of Allocation, or the Request for Award of Attorneys' Fees and Reimbursement of Expenses must be mailed or delivered such that it is received by each of the following no later than May 18, 2007:

    CLERK OF THE COURT
    UNITED STATES DISTRICT COURT
    SOUTHERN DISTRICT OF NEW YORK
    500 Pearl Street
    New York, New York 10007
    *         *         *
    Frederic S. Fox
    KAPLAN FOX & KILSHEIMER LLP
    805 Third Avenue, 22nd Floor
    New York, NY 10022
    Plaintiffs' Liaison Counsel
    *         *        *
    Jay B. Kasner
    Scott D. Musoff
    SKADDEN ARPS SLATE MEACHER & FLOM LLP
    Four Times Square
    New York, NY  10036
    Attorneys for Defendants Merrill Lynch & Co., Inc.
    Merrill Lynch, Pierce Fenner & Smith Incorporated
    And certain Individual Defendants

    Marc B. Dorfman
    FOLEY & LARDNER LLP
    3000 K Street, N.W., Suite 500
    Washington, DC  2007
    Attorneys for Defendant Henry M. Blodget

    Andrew W. Stern
    SIDLEY AUSTIN LLP
    787 Seventh Avenue
    New York, New York  10019
    Attorneys for Defendant Virginia Syer Genereux

If you have any questions about the Settlement, you may write to any of the following plaintiffs' firms:

    Frederic S. Fox
    KAPLAN FOX & KILSHEIMER LLP
    805 Third Avenue, 22nd Floor
    New York, NY 10022
    http://www.kaplanfox.com

    Jacqueline Sailer
    MURRAY, FRANK & SAILER LLP
    275 Madison Avenue, 8th Floor
    New York, New York  10016
    http://www.murrayfrank.com

    Herbert E. Milstein
    Joshua S. Devore
    COHEN, MILSTEIN, HAUSFELD, & TOLL, P.L.L.C.
    1100 New York Avenue, N.W.
    West Tower, Suite 500
    Washington, DC  20005
    http://www.cmht.com

    Edward F. Haber
    SHAPIRO HABER & URMY LLP
    53 State Street
    Boston, Massachusetts  02109
    http://www.shulaw.com

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

DATED: March 19 2007

BY ORDER OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK

CONTACT: Frederic S. Fox, Phone: 212-687-1980, Fax: 212-687-7714, of KAPLAN FOX & KILSHEIMER LLP

Web site: http://www.kaplanfox.com

http://www.merrilllynchsettlement.com

Source: KAPLAN FOX & KILSHEIMER LLP

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