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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Mark Fowler who wrote (49354)	4/7/1999 5:16:00 PM
From: KeepItSimple	Read Replies (1) of 164684

> Yhoo did excellent better than what the consensus expected. Mark, do you really believe what you are saying or are you trying to prop up your Yahoo position? You are far too experienced to not know that "consensus expectations" are intentionally lowered to the floor, in order to let companies (stocks) with whom they have underwriting relationships easily beat those estimates. I give the "consensus expectation" game another 6 months before it finally is widely accepted as a scam. The only reason analysts focus on expectation instead of actual profits is that profits for most companies are in the crapper and the only positive thing the analysts can spin is to say "we expected worse!"

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