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To: steve harmon - analyst who wrote (499)	3/8/1999 8:45:00 AM
From: Frost Byte	Read Replies (1) of 4337

Steve, Do you see Amazon reaching its old high? It's currently down 40% from its 52 week high of 199. I'm hearing that drugstore.com is just the beginning of a series of announcements.....new product offerings such as travel, greeting cards, insurance, are all on the way, plus a big launch of their "Shop the Web". Also, Henry Blodget, (the $400 price target Oppenheimer analyst), is apparently hard at work at Merrill working on his new research report....13,000 brokers at Merrill may soon be recommending AMZN for the first time. (they have been restricted due to Jonathan Cohen's SELL rating).

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