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

AMZN 233.23

+1.8%

12:59 PM EST

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To: Glenn D. Rudolph who wrote (21854)	10/16/1998 10:28:00 AM
From: craig crawford	Read Replies (1) of 164684

>> The furthest out I can find is 2001 and the estimate, for what it is worth, is a loss of $1.76/share. << CIBC Opp just slapped a $150 price target on AMZN, saying they should breakeven in 2001. Perhaps they meant they will have a breakeven quarter towards the end of 2001, but will lose money for the entire year. Anyway, if analysts don't expect profits until after 2001, what are "investors" paying for 2002 earnings? 100 times? 200 times?

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