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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Mark Fowler who wrote (124299)	4/29/2001 7:32:32 PM
From: H James Morris	Read Replies (1) of 164684

Mark, In Homs at 16 and no regrets. This is a .com that's going to survive. >Homestore.com (HOMS:Nasdaq - news) came in with strong top- and bottom-line numbers after the close of trading Wednesday. The company reported pro forma revenues of $118 million and pro forma cash earnings per share of 4 cents vs. estimates of $110 and break-even, respectively. Not a bad performance at all. In addition, the company actually raised its guidance for the next quarter and the rest of the year. In response to the strong results, Homestore.com was up almost $5 Thursday, accompanied by all the customary reiterations and raising of top- and bottom-line estimates by sell-side analysts. The company reported strong growth in its core subscription business, which now accounts for approximately 64% of total revenues, with the balance coming from advertising. Furthermore, the company saw an increase across all Internet metrics, including page views per day, number of homes viewed on the site and average stay per visit.

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