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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: H James Morris who wrote (105675)	7/3/2000 1:11:51 AM
From: Eric Wells	Read Replies (1) of 164684

On Dec. 15, 1998, AMZN closed at 242.75 pre-split. It was the next day, Dec. 16, that Blodgett (then of Oppenheimer) came out with his $400 price target - causing the stock to jump to 289 that day: Message 6856053 To put things into persepective, the Dec. 15, 1998 pre-split close of 242.75 equates to a post-split price of 40.45 - that's 4 points higher than this past Friday's (June 30, 2000) close of $36 5/16. Yes, it's true, AMZN is now trading below it's pre-Blodgett-400-call price. Imagine if AMZN had traded flat for the past 1.5 years? Certainly, Blodgett wouldn't be the star analyst he is considered today - in fact, he would probably be considered a bit of a fool (not to say that some don't consider him such). -Eric

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