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

AMZN 222.55

-4.4%

3:59 PM EST

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To: KeepItSimple who wrote (30494)	12/19/1998 3:56:00 PM
From: llamaphlegm	Read Replies (4) of 164684

i'm gonna wretch Unlike most analysts, she doesn't set price targets for her stocks because she doesn't want to be constricted by them. Microsoft, for instance, has risen more than 300-fold since its split-adjusted IPO price of 39 cents a share in 1986. Getting out of Microsoft along the way because it hit some artificial price target would have been a mistake, she says. "Mary realizes that great stocks are rarely cheap," says Russell Grandinetti, a former Meeker assistant and now chief of investor relations at Amazon. "She knows that the one thing about tech investing is that whatever happens next year isn't what you thought would happen. So she wants to bet on the best management teams."

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