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

AMZN 229.60

+1.5%

3:59 PM EST

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To: microhoogle! who wrote (107013)	8/8/2000 11:27:03 AM
From: Glenn D. Rudolph	Read Replies (2) of 164684

From The Street Life LOL: "BLODGET LOWERS THE BOOM.... So Merrill Lynch's Internet cheerleader Henry Blodget slashed (as much as Wall Street ever slashes) the ratings on several Internet companies today, in order to provide more "precise differentiation" as the industry continues to mature. Would that precise differentiation mean dividing between the lukewarms and the outright losers, Henry? Henry swung the ax at several former Internet darlings, including DoubleClick (nevertheless, up 9.7% to $38 5/8); eBay (down 1.5% to $50); eToys (down 3% to $4 1/8); iVillage (up 5% to $6 3/4); and Pets.com (up 12% to $1 7/8). Of course, at the levels many of these stocks are at, it seems a tad late to downgrade. Plus, cutting Pets.com to near-term accumulate from buy seems like a waste of time. At a buck and change, that stock is being accumulated by no one."

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