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

AMZN 226.41

+2.6%

10:15 AM EST

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To: Olu Emuleomo who wrote (79910)	10/7/1999 12:28:00 AM
From: Eric Wells	Read Replies (1) of 164684

Olu - I find it interesting that of the 14 cents a share in proforma net income that Yahoo reported, at least 2.5 cents is from investment income - without the investment income, Yahoo would have reported 11.5 cents a share, a number I believe is within the whisper range. Yahoo has nearly $800 million in cash and marketable securities. Isn't it possible that last week Yahoo might have sold a few securities in order to take $10 million in profit to impress the street just a little bit? Yes the revenue growth was pretty impressive - although we don't know where it all is coming from exactly (advertising?). So many of the press releases that have come out this evening are highlighting the 14 cent a share number as a blowout - when it really may not be that much of a blowout after all. -Eric

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