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

To: Olu Emuleomo who wrote (141011)	3/28/2002 9:26:10 AM
From: H James Morris	Read Replies (3) \| Respond to of 164684

>>Amazon is overvalued by 48%, analyst warns Lehman Brothers Inc. analyst Holly Becker says Amazon.com Inc. shares may be overpriced by almost half. What she won't say is that investors should sell. In a note to clients titled "Taking a Fresh Look," Becker questioned whether Seattle-based Amazon can repeat its "remarkable" fourth-quarter earnings of $5.1 million, the largest Internet retailer's first-ever quarterly profit. As a result, the stock may be as much as 48 percent overvalued, she calculated. Becker kept her "market perform" rating, in place since July 2000, meaning she expects the shares to perform within 5 percentage points of their market benchmark. Of the 24 Wall Street analysts tracked by Bloomberg who cover Amazon, 10 rate it a "buy," 12 say "hold" and two rate it "sell." Amazon's stock, up 32 percent this year, fell 58 cents to $14.25 yesterday.<<

To: Olu Emuleomo who wrote (141011)	3/28/2002 6:18:08 PM
From: Glenn D. Rudolph	Respond to of 164684

">>>How is the Amazon chart looking? Just curious<<< AMZN is currently in a bearish Head-and-shoulders formation...with possible downside of 11." More importantly, fundamentals will not be ignored forever. They have been until now and the market may continue to ignore them a bit longer. Amazon is back to the need for cash again so unless AOL or another friend of Kleiner Perkins provides cash, Amazon has a major working capital problem. Secondly, their service segment is kind of falling apart. That was where they at least had some margin. Finally, the traditional stores selling a variety of products are learning that on-line selling is not that difficult. They were wisely patient waiting until there was profit in this.