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

To: GST who wrote (105001)	6/15/2000 1:04:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Gst, Qcom is trashed because a couple of pimps downgraded it. But I can't find a pimp who doesn't pimp the 'Thing'. >Online Leader Positioned to Capitalize on Target Market Estimated At $1.6 Trillion SAN FRANCISCO, June 15 /PRNewswire/ -- The following is being issued by WR Hambrecht + Co, a member of the National Association of Securities Dealers, CRD number 45040: WR Hambrecht + Co today initiated research coverage on Amazon.com (Nasdaq: AMZN) with a buy rating and a price target of $70. WR Hambrecht + Co.'s eTailing/Consumer Brands analyst Kristine Koerber cited Amazon's global brand identity, expanding reach into new markets, customer-focus and ability to monetize its large customer database as key reasons for the rating. WR Hambrecht + Co offers all its research reports free and real-time at www.wrhambrecht.com. "We believe improvement in key metrics such as fulfillment costs and increasing share of customer wallet as well as management's ability to manage the balance sheet are trends that should continue. Expanding product offering and establishing an international footprint should provide substantial growth vehicles," Koerber said. Koerber projects Amazon.com's total revenues will reach $2.8 billion in 2000 and $4.2 billion in 2001, up from $1.6 billion in 1999. Amazon.com is the largest online retailer of books and music with an expanding category offering ranging from toys to kitchenware as well as home improvement and gardening. About WR Hambrecht + Co WR Hambrecht + Co (www.wrhambrecht.com) is leveraging technology to bring transparency to capital formation and securities exchange processes. The firm's earliest and best-known innovation is OpenIPO, an auction-based model for initial public offerings. WR Hambrecht + Co focuses on providing underwriting and advisory services for technology and emerging growth companies as well as on investing for its own portfolio. The firm serves institutional and retail clients with equity research, sales and trading, electronic brokerage and online private equity syndication. WR Hambrecht + Co has offices in San Francisco, New York, Boston and Philadelphia and is backed by industry leaders including: American Century, American Express, Crimson Ventures, epartners, Fidelity Ventures, Hikari Tsushin Capital, Inc., Instinet Corporation, Novell, Park Avenue Capital, Scudder Technology Fund, Kemper Technology Fund and Texas Pacific Group. SOURCE WR Hambrecht + Co CO: WR Hambrecht + Co; Amazon.com ST: California IN: REA FIN MLM SU: RTG 06/15/2000 08:30 EDT prnewswire.com