Silicon Investor (SI) -- The First Internet Community

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) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (63192)	6/17/1999 10:35:00 PM
From: Glenn D. Rudolph	Respond to of 164685

Price: $111 11/16 Estimates (Dec) 1998A 1999E 2000E EPS: $d0.50 $d1.74 $d1.85 P/E: NM NM NM EPS Change (YoY): NM NM Consensus EPS: $d1.70 $d1.27 (First Call: 18-May-1999) Q2 EPS (Jun): $d0.12 $d0.52 Cash Flow/Share: NA NA NA Price/Cash Flow: NM NM NM Dividend Rate: Nil Nil Nil Dividend Yield: Nil Nil Nil Opinion & Financial Data Investment Opinion: D-2-1-9 Mkt. Value / Shares Outstanding (mn): $17,544.8 / 157 Book Value/Share (Dec-1998): $0.49 Price/Book Ratio: 228x ROE 1999E Average: NA LT Liability % of Capital: NA Est. 5 Year EPS Growth: NA Stock Data 52-Week Range: $221 1/4-$13 3/4 Symbol / Exchange: AMZN / OTC Options: Phila Institutional Ownership-Spectrum: 35.1% Brokers Covering (First Call): 23 ML Industry Weightings & Ratings** Strategy; Weighting Rel. to Mkt.: Income: Underweight (07-Mar-1995) Growth: Overweight (07-Mar-1995) Income & Growth: Overweight (07-Mar-1995) Capital Appreciation: In Line (28-Jan-1999) Market Analysis; Technical Rating: Below Average (21-May-1999) Intermediate term opinion last changed on 09-Mar-1999. The views expressed are those of the macro department and do not necessarily coincide with those of the Fundamental analyst. For full investment opinion definitions, see footnotes. Investment Highlights: Amazon.com and Sotheby's announced a ten-year “strategic auction alliance” yesterday that will feature a joint online auction site called sothebys.amazon.com. We view this as a positive for Amazon.com. * The joint site, expected to launch later this year within the Amazon.com auction site, will sell coins, stamps, antiques and other collectibles. It is expected to launch with an auction of items from the Halper Collection of baseball memorabilia. * The alliance will allow Sotheby's' 2,800 dealers to reach more potential bidders and Amazon.com's 10 million customers to have more and higher quality objects to bid on. * Sotheby's will contribute its reputation and expertise in sourcing and authenticating art and valuable objects. Amazon.com will make a $45 million investment in Sotheby's and contribute proven online technology, superb customer service and the largest number of e-commerce customers in the world. * Although the financial details of the agreement weren't released, we believe the companies will share revenue generated through the auctions. Bulletin United States Internet \ Electronic Commerce 17 June 1999 Henry Blodget First Vice President Amazon.com sothebys.amazon.com ACCUMULATE* Long Term BUY Reason for Report: Announcement of Joint Auction Site with Sotheby's Merrill Lynch & Co. Global Securities Research & Economics Group Global Fundamental Equity Research Department RC#10116833 Stock Performance 0 20 40 60 80 100 120 140 160 180 200 220 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 1996 1997 1998 1999 Amazon.com Rel to S&P Composite Index (500) (Right Scale)