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

To: Bill Harmond who wrote (130953)	9/5/2001 7:55:54 AM
From: Victor Lazlo	Respond to of 164684

William I flunked out of second grade, but these days I am hooked on phonics, so who knows how far I can go!

To: Bill Harmond who wrote (130953)	9/5/2001 2:16:42 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

1:11PM Amazon.com (AMZN) 7.40 -1.19: Stock hits new 52-week low with trading floors citing several reasons: 1) Chambers' comments (12:52 comment), 2) Yahoo's (YHOO) plans to sell eBooks, 3) rumors that they are looking to raise more money, 4) and talk of a tier 1 firm selling a large AMZN position. Goldman Sachs is out defending AMZN; saying Chambers comment about half the Nasdaq 100 disappearing is too pessimistic, Goldman defending AMZN, believes only 10% of the NDX is at risk of failure (Briefing.com note: Chambers said that half might not be around, which implies consolidation as well as failures) and that AMZN won't be one of them, and does not see eBooks as a threat.