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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.19-1.8%Dec 12 3:59 PM EST
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To: Olu Emuleomo who wrote (102341)4/28/2000 10:13:00 AM
From: Glenn D. Rudolph  Read Replies (2) of 164684
 
Our more conservative numbers suggest $71 is fair value. Phone.com's
carrier growth and recent acquisitions have it well positioned for the
future. It also appears to have the cash necessary to see it through to
profitability (about $7 per share). Based on these factors we maintain a
Buy rating on the stock.

Olu,

I am lost again. If fair value is 71 and the stock is over that, why would it be a buy??
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