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

AMZN 232.44

+1.4%

12:06 PM EST

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To: cellhigh who wrote (2762)	4/3/1998 9:19:00 AM
From: Gary Korn	Read Replies (3) of 164684

The jobs report showed a surprising drop in the retail sector. At some level, AMZN is a retailer or etailer. What does this mean for 1Q98 revenues? CHRIS IGGO, CHIEF U.S. ECONOMIST, BARCLAYS CAPITAL: "We were looking for fall back in construction jobs as they had been extraordinarily strong in last three months, so that was expected to some extent, but retail trade was a bit of a surprise. I am not sure if that is just a calendar quick or a seasonal thing. But if you exclude those two items, you are still looking at still fairly solid growth. I would not be surprised if these numbers were revised. But with the rise in the unemployment rate, it is a bullish number for the bond market. The number probably will tend to be a bit of a fluke." (( -- N.A. Treasury Desk, 212-859-1660 )) REUTERS Gary Korn

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