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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 244.41

+0.6%

Nov 7 9:30 AM EST

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To: Tom D who wrote (68982)	7/22/1999 8:52:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Unless the Christmas holiday effect carries over into Q1, artificially elevating Q1. Tom, I was till short at the end of Q! and I made this argument then. Sales were inflated from gift certificates in Q!. I believe that was why management was confident that Q! would show top line sequential growth oveer Q4 of 98. I do not believe it is time to worry yet. The fall should be strong. If it is not, then it really is time to worry. Glenn

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