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

To: H James Morris who wrote (105619)	6/28/2000 1:00:00 PM
From: Bob Kim	Read Replies (2) \| Respond to of 164684

HJ, Guess who said the following? 3/9/99 Amazon.com has blown away expectations since its IPO, so it seems reasonable to assume that it might continue to do so. It also has the potential to generate Dell-like returns on invested capital--which should lead to a higher P/E multiple. 7/22/99 Amazon.com's Q2 results were merely in line with our estimates--for the first time ever. 10/28/99 We continue to believe that Amazon will win the eCommerce game, one day becoming ahuge, profitable powerhouse. At some point soon, however, we believe investors will become tired as we are of endless postponement of gratification. 2/3/00 We continue to believe that Amazon will be the long-term leader in the e-commerce game. Thanks to increased disclosure from management, highly-profitable new partnership deals, and a positive outlook for 2000, we now have greater confidence in the long-term profit potential. 4/27/00 The AMZN story continues to transition from growth to earnings-a transition that will likely require another quarter or two of investor patience. 6/23/00 We believe AMZN is at its most inefficient now and should improve on its efficiency throughout the year....We are maintaining our rating at this time as we do not believe that AMZN?s current operating profile reflects what the company can do long term.

To: H James Morris who wrote (105619)	6/29/2000 12:53:00 AM
From: Randy Ellingson	Read Replies (3) \| Respond to of 164684

Randy, how does this make you feel? Btw Wall Street won't let the "First Internet Darling " go down without a fight. So I joined you in the fight.:-)) Another AMZN long?! Welcome to the club of diminishing returns ;-) As for the article, a forecast of $50B revenues by 2010 makes me think Amazon.com is not going away any time soon (if they're right, of course). I feel good, but a little tired, after a day with a fair bit of driving and then a very pleasant round of 18 holes followed by beers and then more driving to get to a BBQ. I could use more days like this. Randy