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

To: Glenn D. Rudolph who wrote (119389)	3/5/2001 7:50:33 PM
From: H James Morris	Respond to of 164684

Billy >Bill was of the opinion it was way unvervalued and really thought it would be a good idea for me to buy it. Glenn, I assume you're now talking about Ariba when it was at 183? Billy thought every pick of his was undervalued. So, what's new? Billy thought Pcln was undervalued at 104! He also thought Nuan was undervalued at 183, before it disappeared from his portfolio!

To: Glenn D. Rudolph who wrote (119389)	3/5/2001 8:15:30 PM
From: manalagi	Read Replies (2) \| Respond to of 164684

Glenn: Market sentiment has changed taking 180 degrees turn. Anybody for an IPO? How about Loudcloud, the branchild of Marc Andreeson who started Netscape but did not fit the culture of AOL? Date: Mar 5, 2001 E*TRADE is pleased to announce the initial public offering of LDCL: Loudcloud, Inc. 20,000,000 Shares Common Stock, Initial Public Offering Please go to the Web site below to review the preliminary prospectus and for further information regarding this initial public offering. A few days ago, TD Waterhouse offered the same thing: Date: 28 February 2001 TD Waterhouse is now accepting Conditional Offers for the purchase of shares of Loudcloud, Inc., which is expected to price on 3/07/01 The price range has been reduced to between $ 8 and $ 10, but the number of shares has been doubled. I pass. Would rather buy Texas Instrument for this environment..

To: Glenn D. Rudolph who wrote (119389)	3/5/2001 9:44:51 PM
From: manalagi	Read Replies (2) \| Respond to of 164684

Glenn Should not the powers in Merrill Lynch be embarassed to have a Senior VP like Henry Blodget making a statement as if Walmart/Amazon is a done deal? Amazon Surges on Rumors of Wal-Mart Talks Mar 5 12:21pm ET By Monica Summers and Anna Driver NEW YORK (Reuters) - The shares of No. 1 Internet retailer Amazon.com Inc. surged more than 23 percent on Monday after rumors surfaced the struggling company was in talks with Wal-Mart Stores Inc. , the world's largest retailer, to form some kind of strategic e-commerce deal. Amazon's shares, which have lost about 83 percent of their value over the past year, were up 23.75 percent, or about $2.38, trading at $12.38 on the Nasdaq stock market by mid- morning. Wal-Mart shares were up less than a percent, trading at $49.20 on the New York Stock Exchange. Amazon's stock has a 52-week range of $9.56 to $75.25. This weekend Britain's Sunday Times newspaper, citing executives close to the talks, reported that Amazon founder Jeff Bezos had met with Wal-Mart's Chief Executive Lee Scott to hammer out a deal in which Amazon would handle Wal-Mart's online strategy, as well as develop a presence in the Bentonville, Ark.-based retailer's more than 4,500 stores. Under the terms of the deal, Amazon would receive a cash injection and a percentage of the sales it makes through Wal- Mart, the Sunday Times reported. Although an equity investment by Wal-Mart into Amazon would be unlikely, it said. Wal-Mart representatives would not comment on rumors and speculation about their business plan. Amazon.com did not immediately return calls for comment. A handful of Wall Street analysts, although somewhat leery of the validity of the rumors, admitted they thought the deal would be a perfect fit given Wal-Mart's failed attempts at building a strong Web presence and given recent rumors that Amazon, like many Internet retailers, has been thwarting off bankruptcy as it struggles to turn a profit. With total fourth-quarter sales topping $56.5 billion, Wal- Mart is the largest retailer in the world. And the company, which did not catch the dot-com fever until recently, only ventured into the fray when it relaunched Walmart.com in November 2000. In addition, Walmart.com's sales only account for a small fragment of the company's total revenues and it too seems to be battling a flagging Internet climate. In February, it laid off 24 employees, or 10 percent of its staff, in a move to conserve cash and focus its efforts on the site's technology. Since Amazon started selling books online in 1995, the company has expanded its product offerings to everything from music CDs and videos to lawn mowers and kitchen appliances, a strategy that has raised concerns the retailer was expanding too fast. Now the Seattle-based retailer, once the main trend-setter in the dot-com boom, has only one segment of its business -- books and music -- that is profitable. In addition, the company has been having to deal with its plummeting stock price and the fact investors are no longer interested in gigantic revenues, especially when the company is still in the red. The company is said to be in dire need of cash and, in January, it announced it was laying off 1,300 workers, or about 15 percent of its staff. Also in January, CEO Bezos promised the company, which has lost money in all five years in existence, would turn a profit by year's end. To be sure, some industry watchers questioned how the Wal- Mart deal would affect Amazon's alliance with Toys R Us Inc. , which currently operates a co-branded retail toy Web site, especially considering Wal-Mart is the top seller of toys in the United States. "It would give Amazon a presence in physical-world locations with enormous traffic," said Merrill Lynch Internet analyst Henry Blodget. "It would also presumably act as an effective marketing vehicle -- Wal-Mart shoppers who might not otherwise use or think about Amazon would now encounter it every time they went shopping," Blodget said. "It would also eliminate a potentially large competitor." Still, others who praised Wal-Mart's recent effort to ramp up its own Internet presence considered the rumors bunk. "I think the story has no legs," said Bill Dreher, a Robertson Stephens equities analyst who follows Wal-Mart. "The British press has been fascinated with Wal-Mart ever since they bought Asda." Dreher said the discount retailer has been making slow but steady progress on Wal-Mart.com under Chief Executive Jeanne Jackson. "Wal-Mart has made significant strides in upgrading their Internet presence," Dreher added.