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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Jon Tara who wrote (107711)	8/31/2000 10:58:19 AM
From: H James Morris	Read Replies (1) of 164684

OK Jon, lets talk about Amzn. Full disclosure: I still have some Amzn Jan 01 30 calls left. >Amazon.com (AMZN: news, msgs) closed the day up $3.31, or 8.3 percent, to $42.94, after Goldman Sachs analyst Anthony Noto reiterated the firm's "trading buy" rating on the online retailer, saying he wasn't concerned about cloudiness in the company's revenue outlook. "Marginal revenue softness (which reflected macro-environment rather than Amazon specific) in a non-seasonal quarter has not concerned us as much as it has many investors," wrote Noto in a research note issued Wednesday morning. Noto said the company decision to enter the French market will allow it to take advantage of an attractive opportunity with only a minimal impact on results from initial set-up costs. He was also bullish about the company's decision to partner with Microsoft (MSFT: news, msgs), Toys R Us (TOY: news, msgs) and Hewlett-Packard (HWP: news, msgs) "as positive as all three are for cash, providing high margin revenue streams that contribute to operating leverage."

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