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

To: Sarmad Y. Hermiz who wrote (104603)	6/3/2000 1:37:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Sarmad, I bought some Cube last week. I think at around 15. Lets hope it both does us well again. Oh, the analysts are pounding the drums again on your favorite company, Amazon.com. >New York, June 2 (Bloomberg) -- Morgan Stanley Dean Witter's Internet analyst Mary Meeker said the worst is over for Internet stocks, financial news network CNBC reported. She expects technology company earnings for the second half of the year to be very strong. Among stocks she recommended were Yahoo! Inc., Amazon.com Inc. and Sun Microsystems Inc., CNBC said. Also today, Merrill Lynch & Co. Internet analyst Henry Blodget said America Online and Yahoo will be good investments even though Internet shares are likely to have a ``rough'' next few months. > Owings Mills, Maryland, June 2 (Bloomberg) -- Amazon.com Inc., America Online Inc. and Yahoo! Inc. will grow rapidly in the next three to five years as they focus on expansion, said a guest on ``Wall Street Week With Louis Rukeyser.'' Amazon, the biggest Internet retailer, has invested in businesses that will make it much more valuable in two or three years than it ever would have been if it had tried to ``drive toward profitability,'' said Henry Blodget, Merrill Lynch & Co.'s Internet analyst. Amazon ``identified a very big market and for four years, they grew faster than any company in history,'' he said. Now, Amazon will likely focus on achieving a positive cash flow and is expected to become profitable, Blodget said. In April, the Seattle-based retailer reported that its first- quarter loss had widened to $308.4 million on spending to build up its Internet site, bringing total losses to $1.2 billion in six years. Today, Amazon rose 7 11/16 to 57 7/8. America Online is favored by Blodget, in part because its purchase of Time Warner Inc., announced in January, has helped make the world's No. 1 Internet service company a more stable investment. Dulles, Virginia-based America Online today rose 4 1/16 to 57 1/16. The acquisition changed AOL's ``characteristics,'' Blodget said. ``This is no longer a momentum stock; it's a core investment holding that will grow 20 percent to 30 percent in the next few years.'' Santa Clara, California-based Yahoo!, the world's largest online search service that's already profitable, is expected to perform best of the companies that Blodget favors, in part, because the search engine has expanded into communications and commerce. Yahoo rose 14 7/16 to 134 1/2. Other companies that Blodget sees as good investments include, Inktomi Corp. and Ariba Inc. Blodget, whose analysis is closely watched by investors, covers America Online, Yahoo and 27 other Web companies. ``There are hundreds of Internet companies now, and most will disappear, so stick with the best companies, Blodget said. ``If you want rocket fuel, it's in the infrastructure companies and the business to business companies -- they are the ones that are growing.'' Jun/03/2000 0:17 ET