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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Bill Harmond who wrote (130637)	8/29/2001 12:27:38 PM
From: H James Morris	Read Replies (3) of 164684

Bill, I sold HOMS back a few months ago at 34, but I still think long term it will make it. >In the last 18 months the company has invested heavily in acquisitions and marketing. As a result, almost 10% of all Internet traffic flows through its sites, according to a report last week by Salomon Smith Barney Inc. "Homestore has some of the leading tools" to market properties on the Internet, said Lanny Baker, an Internet research analyst at Salomon Smith Barney. But recent signs of weakness in the housing market have worried some investors in housing-related stocks. Tuesday's report of an unexpected decline in consumer confidence raised new concerns about home sales. latimes.com

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