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

To: Bill Harmond who wrote (87487)	12/14/1999 10:28:00 PM
From: Ted The Technician	Respond to of 164684

AMZN is worth at least $148 according to my model if the following article is accurate WRT the estimated sales. Ted the Technician ------------ Amazon, eToys expected to trounce rivals By Bloomberg News Special to CNET News.com December 14, 1999, 4:00 p.m. PT URL: news.cnet.com Amazon.com and eToys could post higher-than-expected fourth-quarter sales as they trounce rival Internet retailers this holiday season, according to an analyst's estimates. Amazon's sales could pass $600 million, while eToys' could be more than $105 million, said Christopher Vroom of Thomas Weisel Partners. His current sales estimates for the companies are $525 million and $83 million, respectively. Amazon has attracted more visitors to its Web site this season than rivals such as Barnesandnoble.com and CDNow, a lead that has widened in recent weeks. eToys also pulled ahead of rival Toys "R" Us' site as the season has progressed--making the drop in eToys' stock unwarranted, Vroom said. "eToys has been under pressure because of the competition," he said. "I think it's overdone." The shares of Santa Monica, Calif.-based eToys rose 0.56 to 46.5. Before today, they had dropped about 22 percent since the start of this month. Amazon fell 6.88 to 95.63. Vroom rates both companies "strong buy." Seattle-based Amazon was the most popular online retail site the week ending Dec. 5, with 6.14 million visitors, according to Media Metrix, which tracks usage of Web sites. Online auctioneer eBay came in at No. 2, with 4.27 million visits. It was followed by eToys with 2.08 million and Toysrus.com with 1.91 million. The leading online retail sites will be those where shoppers don't encounter regular problems in areas such as customer service and delivery, Vroom said. This holiday season will underscore why Amazon made the right move in investing to build its own distribution centers, he added. It provides a better shopping experience than rival Buy.com, which uses an outside distributor to ship its orders. "If you use Buy.com, it's a tortuous experience in terms of order tracking, customer service and fulfillment," Vroom said. Amazon, by contrast, has developed a reputation among consumers for delivering orders on time and as expected, he said.