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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 227.35+0.3%Dec 19 9:30 AM EST

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To: Alomex who wrote (137684)1/23/2002 9:51:24 PM
From: H James Morris  Read Replies (2) of 164684
 
Edit. Reporters mistake. Legg Mason owns almost 60 million amazon shares.
>>Lisa Rapuano, director of research at Baltimore-based Legg Mason funds, Amazon's largest institutional shareholder with 4.8 million shares, said the quarter proved to Wall Street three things: Price cuts work; the company could reap a decent operating margin, even while cutting prices; and it could further reduce the cost of filling orders.

Wall Street, she said, can finally envision a profitable Amazon: "Those things we know are possible now."
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