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

AMZN 239.06

+0.4%

Jan 16 3:59 PM EST

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To: Bob Kim who wrote (129588)	8/3/2001 9:37:44 AM
From: H James Morris	Read Replies (1) of 164684

Bob, do you have an opinion of Sanford Bernstein (a division of SEI investments)? >Sanford C. Bernstein & Co., Inc. (Bernstein) is an independent investment counselor established in 1967. They provide research to institutions and manage individual, pension, foundation and endowment accounts. Sanford Bernstein employs a value approach to managing equities in the United States and abroad. Bernstein's investment philosophy is value-oriented, where value is defined as the relationship between the current price of a security and its future earnings power and dividend paying capability. Bernstein believes that investor preoccupation with near-term economic, industry or company specific events creates distortions between the market price of a security and its intrinsic value. Bernstein capitalizes on these distortions utilizing intensive fundamental research coupled with a highly disciplined valuation process to identify undervalued securities.

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