Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: H James Morris who wrote (147471)	9/15/2002 12:29:23 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

An old "friend". "In the mania for technology stocks, Mr. Kiggen wrote breathlessly of the potential of Internet shares. He was also a heavy user of unattainable price targets. In May 2000, Mr. Kiggen, then at Donaldson, Lufkin & Jenrette, assigned a price target of $160 to GoTo.com. The stock was trading at $15.13 at the time. It never came close to the target. Mr. Kiggen was also the subject of a complaint filed in July 2000 with the National Association of Securities Dealers and the Securities and Exchange Commission. Eric P. Von der Porten, portfolio manager at Leeward Investments in San Carlos, Calif., complained that Mr. Kiggen had advised investors to buy shares in Amazon.com based on unreasonable estimates of what a customer would spend at the Web site over a lifetime. No action was taken. " nytimes.com