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

AMZN 232.93

-2.4%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (105114)	6/19/2000 10:47:00 AM
From: H James Morris	Read Replies (1) of 164685

Glenn, I'm assuming Billy and the new economy boys are celebrating the big move up today on S1 (sone). Btw Kiggen has a $45 price target on S1, but doesn't recommend buying the stock. >S1 CORPORATION (SONE: $38.92) 6/7/00 Initiating Coverage w/Mkt Perform Rating and $45 Target Earnings Per Share Old New P/E Ratios (FY:Dec.) 2001E $ $(6.62) -5.9 2000E (7.48) -5.2 1999A (4.28) -9.1 Rating: MARKET PERF. Change: None 12-Mo. Target: $45 We are initiating coverage of S1 with a Market Perform rating and a 12-month target of $45. S1 is a leading provider of reliable, affordable, quick-to-market Web banking and other solutions for financial institutions of all sizes. The market for S1's services is highly competitive and we expect the company to aggressively bid for the few remaining opportunities among large U.S. banks. Given the optimistic growth expectations, we are not recommending the shares at this time.

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