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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Bob Kim who wrote (107744)	8/31/2000 12:46:21 PM
From: H James Morris	Read Replies (2) of 164684

Bob, a couple of weeks ago I bought some Insp after they crushed it over the Gnet merger. I now have a stock that HB follows...this comes from the Insp thread. >Henry Blodget of Merrill Lynch [MER] stated that in general, the Internet sector's hyper revenue growth is over. Blodget is not calling for a further downturn in the sector. He thinks it is transitioning to long-term growth, which is rough for stocks. "The industry has matured to the point where valuation and more fine analysis are going to be more important in stock picking. The tide's clearly not lifting all [the] boats." He does believe that the Internet infrastructure sector, where InfoSpace resides, will remain strong. The euphoria is over, though. Blodget maintains a high rating of 1-1 on InfoSpace, and reiterated his long- and short-term "buy" recommendations.

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