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

To: KeepItSimple who wrote (76552)	9/5/1999 12:54:00 AM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

>While we are generally optimistic about AMZN's long-term prospects, > we view the stock as overvalued and recommend significant investor caution. Holy crap! Amazon is going to tank when the market opens tuesday! Wonder what made them suddenly change their tune? When your biggest cheerleader says "get lost" you know the scam is FINALLY, FINALLY, over. KIS, There were various comments slowly coming from Blodget after the last quarter's numbers were released. Comments such as the metrics were not proeprly met, etc. There has been do downgrade as far as rating has been concerned but there were additional losses added to projected numbers. Then nothing had been said until Blodget created the holiday basket. AMZN was in that basket as you know but not based on fundamentals. It was based on investor sentiment due to online shopping this fall. It was more of a trading call than a buy/hold call. I believe the resignation of Jimmy Wright on Thursday and the admission by Amazon that the distribution facilities were not coming online as smoothly as hoped changed the internal opinion. Merrill's inside comments on Friday was not to buy Amazon until further information was available. I suspect a downgrade is coming but there was not enough time for Blodget and staff to write the document and due the necessary research. The removeal of the covertibles from the recomended list was easy to publish since it was done in a paragraph or so and no number tuning for losses was necessary. That was based solely on risk. I suspect Blodget does not want to be still having a buy rating on Amazon when/if it fails to execute. I believe he wants to be a analyst player in this field for some time to come and will stick with YHOO, AOL, etc. He became known due to that one time Amazon call. It would dmage his carreer if a lot of Merrill clients were long Amazon when the next set of numbers dissappoint further. Based on the Merrill internal sentiment change, I suspect Amazon will be moved to a hold or accumulate next week and a full research report written. As you know, I am strictly speculating here. Glenn

To: KeepItSimple who wrote (76552)	9/5/1999 3:50:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>When your biggest cheerleader says << Kis, this is not true. ML has never been Amzn's biggest cheerleader. That award goes to Morgan Stanley and the pimp Mary Meeker.Actually, ML was one of the last of the elephants to convert to Amzn bull status, and that didn't happen until they hired the pimp Blodget. Trust me on that. Ps Be careful about bashing the I-net stocks. We did pretty well in MP3. >>MP3.com, a thorn and fast becoming a force in the music industry, said yesterday it is co-sponsoring an upcoming Goo Goo Dolls tour of college campuses nationwide. The San Diego-based company, which bills itself as having the Internet's largest library of digital music, has been busy recasting itself as a name-act concert promoter. MP3.com is sponsoring the highly acclaimed Alanis Morissette and Tori Amos "51/2 Weeks" tour, and the company helped boost classic rocker Tom Petty's most recent outing. The Goo Goo Dolls, darlings of campus and pop radio with hits such as "Slide" and three-time Grammy nominee "Iris," lend additional hip credentials to the company that went public last month. The Music and Technology Tour, sponsored in conjunction with the William Morris Agency, kicks off Oct. 5 at the University of Iowa and tentatively ends Nov. 19 at Stanford University's Maples Pavilion. However, dates may be added. The Goo Goo Dolls are scheduled to appear at UCSD's RIMAC Arena Nov. 17. (UCSD is the alma mater of MP3.com's newly minted billionaire CEO, Michael Robertson.) Opening for the Dolls is Tonic, which won accolades for its 1996 debut album "Lemon Parade," and more recently "You Wanted More," off the soundtrack from the teen flick "American Pie." The tour includes an "MP3.com Village," with a technology and "extreme lifestyle" fair. On display will be MP3 software and portable digital players, as well as clothing and gear for extreme sports, such as snow boarding, mountain biking and BASE jumping. (BASE is an acronym for building, antennae, structure and earth.) In an era when aging rock stars are charging $45 a ticket, the Music and Technology Tour is charging $20 for access to the concert and the MP3 Village, or $10 for village-only passes. "We are carrying the general philosophy of our Web site over to the Music and Technology Tour -- maximum exposure to music, information and entertainment and minimal cost," said John Diaz, MP3.com's vice president for industry relations. The village will feature performances by name acts as well as local MP3.com artists from each of the cities on the tour. Portions of the tour will be Webcast via the as-yet-unlaunched MP3radio.com sites, said Perry Serpa of Nasty Little Man public relations in New York. Tickets for the tour go on sale next week and will be available through the tour.mp3.com Web site.<<

To: KeepItSimple who wrote (76552)	9/5/1999 9:37:00 AM
From: im a survivor	Respond to of 164684

<<Holy crap! Amazon is going to tank when the market opens tuesday! >> Didn't you say the same thing prior to open on friday...before the employment report came out ?? I assume you based that on the resignation factor, and then the positive employement report changed all that ?? Anyway, I got stopped out on Friday and was debating as to whether to get back in. Everything I hear is positive for the most part.....I mean, nothing really sounds positive about amzn except what people say and the appreciation of the stock, but thats all that really matters in the grand scheme. The fundamentals could suck, the cfo could be cooking the books, but if wall street decided it likes something, it will react accordingly. As far as amzn goes, it just seems to keep going. At current levels, my thoughts were it would rise to at least $100 by the holidays....I just can't see amzn going down to $40..it is too much of a mo mo player. Anyway, I'm trying to figure out what to do on tuesday as to whether to get back in or not...when were these comments by Merril about overvalued and being cautious. It seems like just a week or so ago....merril was on cnbc saying amzn was expected to be very strong the next few months.......Any thoughts as to how amzn will react on Tuesday and for the next few months. All opinions welcome please...........TIA KG