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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: Bill Harmond who wrote (56188)	5/10/1999 7:40:00 AM
From: tonyt	Read Replies (1) of 164684

>A $280 1-year target is entirely reasonable. Joy said she didn't expect auctions >to have a material impact next quarter. Next quarter and next year are different times. Where did she say 'next qtr'? The WSJ reported 'Ms. Covey cautioned that the auction business isn't likely to be a major contributor to Amazon's revenue for some time and added that "it does require significant investment."' 'for some time' is longer that a qtr, and maybe longer than a year, but it really looks like she has no idea how long it will take. The $280 1yr target was based on auction revenue, therefore this target is no longer reasonable, please tell me why you think it is (based on the reason for DLJ's target)

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