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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: Robert Giambrone who wrote (1868)	3/3/1998 8:50:00 AM
From: Candle stick	Read Replies (2) of 164684

From Zack's this morning: AMZN was downgraded to a 3 from a 2 (out of 5): AMZN: BANCAM/ROB STEP decreased estimate for quarter ending 03/98 from $-0.44 to $-0.49 on 02/10/98 AMZN: BANCAM/ROB STEP decreased estimate for quarter ending 03/99 from $-0.22 to $-0.26 on 02/10/98 AMZN: BANCAM/ROB STEP decreased estimate for quarter ending 06/98 from $-0.39 to $-0.43 on 02/10/98 AMZN: BANCAM/ROB STEP increased estimate for quarter ending 09/98 from $-0.35 to $-0.34 on 02/10/98 AMZN: BANCAM/ROB STEP increased estimate for quarter ending 09/99 from $-0.08 to $-0.03 on 02/10/98 AMZN: BANCAM/ROB STEP increased estimate for quarter ending 12/98 from $-0.17 to $-0.09 on 02/10/98 AMZN: BANCAM/ROB STEP made new estimate for quarter ending 12/99 of $0.34 on 02/10/98 Looks like the next year losses have all been increased and only in 1999 did they make any increases. Obviously the picture looks bad in the short term and in order to put some positve spin on it BANCAM is raising the 1999 losses to 'lesser losses'. I am sure that they will change those several times again, just as they changed the shorter term forecast today. Thats a total loss for 1998 of $ 1.34 ;^)

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