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

AMZN 230.84

-0.7%

Dec 31 3:59 PM EST

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To: Victor Lazlo who wrote (149981)	11/12/2002 12:20:36 AM
From: H James Morris	Read Replies (1) of 164684

I'm still trying to figure out when Hollywood broadband Billy sold SONUS. >>J2 Global Communications (JCOM: news, chart, profile) fell almost 16 percent in afternoon action after Barron's published an article over the weekend that speculates the stock is overvalued. Pacific Growth Equities issued a research note that differing with this opinion, saying that it expects the Hollywood, Calif., provider of Internet fax services to meet or beat its estimates for earnings of 34 cents a share on revenue of $13.4 million in the December quarter. The firm cited indications of especially strong growth in its corporate business for the bullish outlook. Pacific Growth says J2 shares are undervalued because they trade at 25 times its fully taxed estimates for 2003, and "just half of its conservative growth rate." <<

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