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

AMZN 221.60

-0.4%

10:15 AM EST

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To: Mark Fowler who wrote (33584)	1/8/1999 2:45:00 PM
From: Eric Klein	Read Replies (1) of 164684

If you want to jump in on an Internet stock that has the potential to take off, look at Programmer's Paradise (PROG). Unlike many of the Internet stocks it has sales and profits. It sells for a P/E of 18 and P/S of 0.3, yet it has a very well established presence in the world of Internet software sales. This is a quality company which dominates catalog/internet technical software sales. Everybody who is technical knows Programmer's Paradise. They just announced record sales and the stock is up 40% today. With a rise like that, it could attract attention, and with it's P/S and P/E it looks like a value stock. Imagine that, a genuine Internet stock that passes a value screen. PROG might also be an attractive acquisition for any company wanting to move into the Internet business. Just their customer list is probably worth more than the company's current market cap.

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