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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: Sarmad Y. Hermiz who wrote (108863)9/23/2000 12:57:00 PM
From: Bob Kim  Read Replies (1) of 164684
 
But Dell, CPQ and HWP all issued re-assurances that their Q3 rev/e are as expected.

Dell and HWP had their revenue estimates cut in August. For example, ML cut Dell's 3Q revenue estimate for a second time in August for a net revenue reduction of $413 mil versus its estimate in mid-July. Back then ML was looking for full year revenue growth of 33.8%, now it's looking for Michael Dell's publicly stated 30.0%. During that span ML has cut its price target from $70 to $54, all while maintaining its Buy rating.
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