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

AMZN 235.77

+0.8%

12:42 PM EST

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To: Bill Harmond who wrote (85067)	11/25/1999 8:08:00 AM
From: H James Morris	Read Replies (1) of 164684

<<...and eBay, and Amazon. My three biggest positions.>> I thought it was Msft,Eeln, and Rolex watches. <<AMAZON.COM (AMZN: research, earnings): Banc of America Securities downgraded the shares of AMAZON.COM to a MARKET PERFORMER from a BUY. The brokerage said the company's fundamentals in 3Q99 were under pressure and that its extension into video games, software, home improvement and gifts could make the situation worse. It has a 12-month price target of $65 on the stock. It forecasts a loss for 1999 of $1.12 per share and a loss of $1.10 per share for 2000. For 4Q99 it forecasts a loss of $0.48 per share and a loss of $0.33 per share for 1Q00. The company's shares closed at $77.93 on November 19.>>

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