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

AMZN 232.88

-0.8%

Nov 17 3:59 PM EST

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To: GST who wrote (115745)	1/18/2001 1:55:54 PM
From: H James Morris	Read Replies (1) of 164684

>1/18/01 1:09 PM ET Merrill Lynch said today that despite speculation, Yahoo! (YHOO:Nasdaq - news) is unlikely to be sold to Viacom (VIA:NYSE - news) or any other media company. Merrill said that a sale of Yahoo! isn't probable at this time because of "a lack of a clear need for Yahoo! to sell" and "the difficulty of agreeing on a fair price." The firm said a strategic investment or partnership that involves an equity stake makes more sense. Merrill Lynch said that the Web portal is a "unique asset" and would be very valuable to a major media company, noting the AOL Time Warner (AOL:NYSE - news) merger, but maintained that a deal doesn't appear likely in Yahoo!'s near future. The firm blamed the company's share price weakness on an ongoing transition in the company's customer base and revenue streams. Merrill said that while it doesn't expect to see shares of Yahoo! trading at 200x estimates anytime soon, the firm does anticipate a significant upside in the next 18 to 24 months. Shares of Yahoo! gained $2.56, or 8.5%, to $32.81 in recent Nasdaq trading.

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