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

To: Mark Fowler who wrote (117960)	2/19/2001 1:55:21 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Mark, an update from Janus. Dated 1/19/01 Btw Regardless of what you think about Janus...They're the ultimate elephant when it comes to tech! >Finally, it looks like Janus fund skippers, who weren't shy about owning Net stocks when they were white-hot, are casting a more discerning eye on Net stocks after last year's bloodbath. In the fourth quarter, they trimmed their exposure in varying degrees to each of the Net bellwethers: AOL Time Warner, soaring online auctioneer eBay (EBAY:Nasdaq - news), sagging online book peddler Amazon.com (AMZN:Nasdaq - news) and Net ad kingpin DoubleClick (DCLK:Nasdaq - news). It looks like the managers might be intrigued by business-to-business software shops like i2 Technologies (ITWO:Nasdaq - news) and Ariba (ARBA:Nasdaq - news), in which they actually bought shares in the fourth quarter. You'd also have to suspect -- and hope -- they have confidence in top holding AOL, given the more than $13 billion they've sunk into the stock, which is up almost 40% this year. Some might or might not be surprised to see these skippers selling shares of WebMD (HLTH:Nasdaq - news), in which they invested more than $900 million at the start of 2000. It's probably sobering for fans of Yahoo! (YHOO:Nasdaq - news) to see that its shares were wiped from Janus' books in the fourth quarter.