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

To: gladman who wrote (112586)	12/8/2000 6:03:50 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Yep, and don't forget his/her priceline price target. >PRICELINE.COM (PCLN: $67.75)+ 10/29/99 PCLN Reports A Strong Q3 Revenue and Gross Margin Well Ahead of Estimates Earnings Per Share Old New P/E Ratios (FY:Dec.) 2000E $(0.31) $(0.28) NA 1999E (0.45) (0.40) NA 1998A (1.85) NA Rating: BUY Change: None 12-Mo. Target: $190* Priceline reported strong revenue growth of 36.4% q/q to $152.2 million, vs. our $137.7 million estimate. Gross margin increased 280 bps sequentially to 12.2%, well ahead of our 9.3% estimate. We expect gross margin expansion to continue throughout FY 2000. Priceline's other key metrics were strong, with 908,000 new customer additions (to 2.9 million), fill rate of 50% (up from 45% in Q2), and 624,000 airline tickets sold in the quarter, up from 440,000 in Q2. Management continues to make steady progress toward profitability. We are raising FY'00 revenue and decreasing loss per share. Reiterate our buy rating and 6-12 month price target of $190. PCLN is a core Internet holding.