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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: Glenn D. Rudolph who wrote (19755)	10/2/1998 9:32:00 PM
From: OtherChap	Read Replies (1) of 164684

>The Zacks consensus estimate of earnings per share for AMZN's 09/98 >quarter is $-0.57. Does that include the Nationsbanc Montgomery estimates of $-0.73? Don't forget to let everyone know that estimates WERE $-0.24 cents just a month ago, but they have been quietly doubled. This was done so Amazon wouldn't have to pre-announce an earnings warning, which would cut their stock in half. It appears we'll have to wait until the 15th for the bad (well, good if you're short) news. Of course the press release will start out in bold letters saying "Amazon increases revenues 30% over previous 3rd quarter" and in tiny print at the bottom it will say "Losses widened dramatically due to increased costs and competition."

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