More good news for Amazin Amazon........BancBoston Robertson Stephens Reiterates Strong
Buy Rating on Amazon.com, Inc.
SAN FRANCISCO, March 29 /PRNewswire/ -- The following is being issued by BancBoston Robertson Stephens, a
member of the National Association of Securities Dealers, CRD number 41271:
BancBoston Robertson Stephens managing director and senior Internet analyst Keith E. Benjamin and senior e-tailing and
specialty retailing analyst Lauren Cooks Levitan today reiterated their Strong Buy rating on Amazon.com, Inc. (Nasdaq:
AMZN - news). Amazon announced today that it has surpassed 8 million customers, pointing to above-expected first quarter
sequential revenue growth. The company also announced its expansion into the person-to-person auction business and its
agreement to acquire a 50 percent stake in Pets.com.
''We are reiterating our Strong Buy rating on Amazon, as we believe the company's announcements provide further evidence
of its dramatic growth potential, position as the leading e-tail franchise and evolution into the first true e-tail portal,'' said
Benjamin and Levitan.
Clients interested in receiving more information should contact their salesperson at 415-781-9700.
BancBoston Robertson Stephens is a leading international investment banking firm focused on emerging growth companies. The
firm's 55 equity and high yield research analysts cover more than 600 companies. Additional information is available upon
request.
The information contained herein is not a complete analysis of every material fact respecting any company, industry or security.
Although opinions and estimates expressed herein reflect the current judgment of BancBoston Robertson Stephens, the
information upon which such opinions and estimates are based is not necessarily updated on a regular basis; when it is, the date
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contains forward-looking statements, which involve risks and uncertainties. Actual results may differ significantly from the results
described in the forward-looking statements. Factors that might cause such a difference include, but are not limited to, those
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services for some companies described herein and may occasionally possess material, nonpublic information regarding such
companies. This information is not used in the preparation of the opinions and estimates herein. While the information contained
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has not independently verified the facts, assumptions and estimates contained in this Report. Accordingly, no representation or
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correctness of the information and opinions contained in this Report. BancBoston Robertson Stephens, its managing directors,
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SOURCE: BancBoston Robertson Stephens |
