To: Glenn D. Rudolph who wrote (94115 ) 2/19/2000 5:02:00 PM From: H James Morris Read Replies (1) | Respond to of 164684
Glenn, I thought I'd bring you up to date on what the investments bankers (sluts) have put out on Amzn since the start of the new millennium. I think Amzn might be a buy at 60 or watch out below. I probably will not play with it. >AMAZON.COM (AMZN) Date Broker Comment 2/3/00 Bear Stearns reiterates attractive, reported 4Q 99 revenues of $676 million, above preannounced level of $650 million, raising FY 00 revenues to $2.73 billion 2/3/00 Deutsche Banc Alex Brown reiterates market perform, mixed 4Q results, gross margin pressure continues 2/3/00 DLJ reiterates top pick, 12 month target $140, very strong Dec qtr raised 99 and 00 estimates 2/3/00 First Boston reiterates buy, 4Q revenue of $676 million vs. our $562M estimate, gross margins of 13% were below our estimate of 17.3% due to a $39M inventory charge 2/3/00 JP Morgan reiterates buy, strong 4Q 99 top line results, profits emerging as the portal model takes shape, 00 estimate $1.17 2/3/00 Merrill Lynch upgraded from 2-1 to 1-1, has a strong 4Q, performing well in most metrics 2/3/00 Morgan Stanley Dean Witter reiterates outperform 2/3/00 Paine Webber reiterates neutral, 4Q 99 results in line with companys pre-announcements, revenues of $676 million and EPS loss of $0.55 a share 2/3/00 Prudential reiterates hold, target $80, owner of AMZN should take profit 2/3/00 Salomon Smith Barney reiterates buy-high 4Q strong, top line growth, the worst appears over for losses, target $120 2/3/00 SG Cowen reiterates strong buy, pre-announced 4Q results management suggested profitability will only go up from here 2/2/00 Robinson Humphrey reiterates buy, reports after close, expect loss of -0.50 per share, 12 month target $107 1/25/00 JP Morgan reiterates buy, we are forecasting EPS of (0.53) for the qtr & EPS of ($1.17) for tye year on revenues of $1.5B for the year 1/24/00 DLJ reiterates top pick, strikes deal with Green Light.com, target $140 1/24/00 Goldman Sachs upgraded from market outperform to trading buy, target $95, announces marketing agreement to monetize its customers 1/24/00 Ing Baring Furman Selz reiterates strong buy, enters online car buying business with greenlight.com investment, 99 estimates ($1.11), and 00 estimates ($1.20) 1/24/00 Merrill Lynch reiterates 2-1 rating, continues to cash in on partnership with Greenlight.com 1/24/00 Salomon Smith Barney reiterates buy-high, buying opportunities in front of the Q, target $120 1/6/00 Deutsche Banc Alex Brown downgraded from buy to market perform , pre-announced 4Q revenues of more than $650M our vs estimates of $550M 1/6/00 DLJ reiterates top pick, pre-announces 4Q results, revenue $63 mm above eset, 99 est (1.10 ) and 00 (1.09)