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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Mark Fowler who wrote (61498)	6/9/1999 8:50:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>I say buy P&G and die of boredom and i say buy AMZN an get filthy rich!! << Mark, you get filthy. I'm already rich. I think you know you can trust me on that.

To: Mark Fowler who wrote (61498)	6/9/1999 8:58:00 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Mark, your ego and hyping is starting to disappoint me. Maybe its the frustration of Amzn not going anywhere, to either the longs or the shorts. >> Princeton, New Jersey, June 9 (Bloomberg) -- Comments by Fred Sherman, senior vice president and financial consultant at Sovereign Bank, about what U.S. market reaction would be if the Federal Reserve raises interest rates when it meets this month: ''The Fed put us on notice that they're going to raise interest rates. But since the first of the year, interest rates have been up 90 basis points. We moved from 4.75 percent in October to just topping 6 percent this year. So we've already done the Fed's work for them.'' ''I think (an interest-rate increase by the Fed) is going to stabilize the market.'' Sherman on Internet stocks, some of which are trading at price-earnings multiples much higher than that of the overall market: ''Once the Internet companies begin to make a profit ... and begin to become real companies, people will look for more reasonable P-E situations.'' ''Amazon.com is a bookseller today not unlike any other bookseller. I think Amazon is probably one of the most overrated situations and probably one of the biggest short situations on the street.'' Yahoo! Inc., America Online Inc., and Excite At Home are examples of companies that will be '' the real players in the coming Internet future,'' Sherman said. ''Yahoo is a real company, makes a profit, good profit, good management. I think it will begin to make acquisitions to become a bigger company.'' Jun/09/ 99 16:16 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. <<