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

AMZN 228.58

+0.8%

1:47 PM EST

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To: craig crawford who wrote (19360)	10/1/1998 2:40:00 AM
From: Bill Harmond	Read Replies (1) of 164684

The EPS estimate changes result solely from adds to marketing and sales expense (50% of the money), product development (40%), and G&A (10%), and adjustment for the additional 1.6 million shares. They added $3 million operating expense to the model in 3Q98 (in the above ratios) and $4 million in the each of the succeeding five quarters. They said it was based on company guidance. Since this was published last Friday, perhaps this is what OC heard about.

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