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

To: Glenn D. Rudolph who wrote (133080)	10/18/2001 11:32:25 PM
From: H James Morris	Respond to of 164684

>Amazon is slipping 27 cents, or 3 percent, to $8.65. Analyst Faye Landes at Sanford Bernstein said based on current valuation, the stock "remains expensive versus most other retailers, especially in light of the company's deceleration in growth." Landes believes it is possible that the Net-based retailer will lower its fourth-quarter revenue forecasts; the consensus analyst estimate currently sits at $1.1 billion, according to Thomson Financial/First Call. She added that the company would have little flexibility to cut costs, as it attempts to reach its goal of profitability in the fourth quarter, "since we believe the company has already cut most expenses to the bone." On Monday, an upgrade from Dain Rauscher's George Sutton had set the stage for a two-day gain in the stock of over 18 percent. The stock took a 6.7 percent breather on Wednesday, after Bear Stearns's Jeffrey Fieler said results for Amazon's third quarter, slated for release on Oct. 23, would likely fall short of consensus estimates. Analysts are currently expecting revenue of 650.3 million and a per-share loss of 16 cents for the quarter ending September.