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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (56505)	11/28/2001 11:35:42 PM
From: StanX Long	Respond to of 70976

Some good news. Stan The Christmas rush November 28, 2001: 2:33 p.m. ET Cheery post-Thanksgiving sales are pushing e-tailing stocks through the roof. By David Futrelle money.cnn.com NEW YORK (CNN/Money) - Tech investors seem to have developed a sudden case of holiday cheer -- we can only hope it's not terminal. On Monday, shares in a number of e-commerce names soared on reports that Christmas shoppers have been logging in early and often to order gifts online. Amazon.com alone racked up a more than 30 percent gain. The frenzy was stoked further by cheery notes from head Internet cheerleaders Mary Meeker and Henry Blodget (remember them?). Morgan Stanley's Internet Queen noted that early numbers from AOL, Yahoo and MSN indicated that online sales growth is turning out to be "significantly stronger than...expected." Over at Merrill Lynch, Blodget noted that after a perky post-Thanksgiving Friday, Amazon seemed to be "tracking slightly ahead of consensus revenue estimates for the quarter." He based his analysis, such as it was, on...a close reading of Amazon's holiday "Delight-o-Meter," a feature on Amazon's home page that provides a running total of items ordered since early November. Hey, that's why they pay him the big bucks. (Well, at least until the end of the year, when Blodget will be leaving his post, with fond memories of his glory days and a reported $2 million in severance pay.)