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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Bill Harmond who wrote (24357)	11/4/1998 12:49:00 AM
From: H James Morris	Read Replies (3) of 164684

William, I'm trying to catch up. I remember a post between you and another on how the Institutional Investors are buying up the 'Thing'. From Nov 9th issue of BW (who loves the 'Thing'). <Technology stocks, meanwhile, have bounced hard off their lows, with the tech-laden NASDAQ rising nearly 20% since Oct. 8. But Philip W. Treick, manager of the Transamerica Premier Aggressive Growth fund, likes online bookseller Amazon.com (AMZN), which nearly breaks even on a cash-flow basis and, unlike many Web startups, has enough cash to underwrite expansion plans. Although Barnes & Noble Inc. (BKS) and German giant Bertelsmann have partnered up to enter the online-bookstore arena, Amazon ''has a big lead'' and loyal customers, Treick adds.> I agree, there are more aggressive institutional funds jumping on the 'Thing' that is not currently reported. Regards Ps These aggressive funds are not the Elephants. Trust me on that.

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