Amazon.com, Inc. (AMZN) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

AMZN 222.69

+0.1%

Nov 19 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: dennis michael patterson who wrote (50745)	4/16/1999 8:50:00 AM
From: H James Morris	Read Replies (1) of 164684

Where did you see the Dlj upgrade?? This is the last one I can find and I am with DLJ. Ok I got it. Maria is going to be screaming it out after the next commercial. >>AMAZON.COM (AMZN: $149)*+ 03/29/99 Amazon Takes Stake In Pets.com Earnings Per Share Old New P/E Ratios (FY:Dec.) 1999E$(0.93)$NA 1998A (0.50) NA 1997A(0.24) NARating: BUY Change: None 12-Mo. Target: $190 Amazon announced this morning that it has taken a 50% stake in Pets.com, an online pet store, in a strategic transaction similar to its Drugstore.com deal. Pets.com, like Drugstore.com, is targeting a multi-billion dollar market opportunity, and has a seasoned Internet management team coupled with premier Silicon Valley venture backers. This deal illustrates the leverage Amazon has with its 8 million+ customer base. The equity-for-marketing relationship is a manner in which Amazon can derive incremental value from its customers; as such, it indicates the leverage Amazon has in owning the single largest pool of online purchasing customers. Amazon's quarter just became a whole lot clearer to us with the revelation that it currently has around 8 million customers, a full one million customers ahead of our estimates, indicating that the company added 1.8 million customers in the quarter, more than it added in December. Clearly our $264 million revenue estimate should prove to be conservative. Reiterating our Buy rating. Amazon is perhaps the most dynamic company in our industry, and has an unprecedented track record of execution, even as it branches out into an ever-widening scope of consumer commerce services. Amazon should be a core holding. Our near-term price target is $190. (10:00 AM EST) <<

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next