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

AMZN 231.57

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To: Robert Rose who wrote (58210)	5/24/1999 9:04:00 PM
From: Jerry A. Laska	Read Replies (2) of 164684

Robert & Glenn, A little something to interest you both in this article: biz.yahoo.com Robert: More from Ryan Jacob who manages the Internet Fund on the recent selling: <<Not everyone was so bearish. Ryan Jacob, a portfolio manager with the Internet Fund in New York, said the weakness could be partly explained by worries in the overall market over the possibility of higher interest rates. As much as it was specific to the Internet sector, he said, the selling pressure was part of a normal pattern seen every quarter in which investors bought Internet stocks ahead of the earnings reporting season, only to take profits after the earnings came out, regardless how strong the numbers were.>> Glenn: www.amazon.org (?): <<While Murphy continued to see promise for many of the ''business-to-business'' Internet companies like Inktomi that provides search technology, he said investors were losing patience with those like Amazon.com(Nasdaq:AMZN - news), which have more than once pushed back target dates for turning profitable. ''Amazon.com should change its name to Amazon.org,'' he said. ''It's like a non-profit organization.''>> Jerry

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