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

AMZN 227.40

0.0%

10:16 AM EST

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To: Bill Harmond who wrote (31562)	12/29/1998 11:14:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

RESEARCH ALERT-Barnes & Nobletarget raised NEW YORK, Dec 29 (Reuters) - Morgan Stanley Dean Witter analyst Bruce Missett said Tuesday he raised Barnes & Noble Inc's target price to $45 from $35 per share. -- Missett reiterated the company's outperform rating. Missett based his change on the increasing recognition of the significance of the Internet retail portion of the business. Missett lowered his fiscal year 1998 EPS estimates to $0.80 from $0.90 and his 2000 estimates to $1.20 from $1.35 based on slightly more conservative core bookstore estimates, greater Internet losses and inclusion of the proposed Ingram acquisition. -- Shares were up 1-2/16 at 41-3/16 on Tuesday morning. ((--Wall Street Desk (212) 859 1730))

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