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

AMZN 226.26

+2.3%

12:13 PM EST

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To: MoonBrother who wrote (50966)	4/16/1999 9:18:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Leading indicators to watch for a probable correction: IPO calendar. We count 50 Internet related IPO financings in registration. If priced within the range, this suggests $2.5 billion in new Internet capital. Expect a likely news headline: "Internet IPO does NOT trade up 100% on opening day!" Also, we believe weaker "second tier" Internet sector names could disappoint. Watch for possible sequential slowing in Internet ad driven revenue stocks. Is DRIV a top tier company? Secondly, YHOO would be affected negatively according to this paragraph. MB, I really appreciate these reports. I am just trying to understand some things that on the surface appear inconsistant to me. Glenn

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