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To: Larry S. who wrote (44319)	10/25/2002 9:01:24 AM
From: Ron McKinnon	Respond to of 53068

>>>likely takeover candidate at the present price someone would have to pay in excess of $8billion do you really think that is a possibility?

To: Larry S. who wrote (44319)	10/25/2002 9:15:36 AM
From: Ron McKinnon	Respond to of 53068

this is what makes a market and causes prices to move>>> Amazon.com (AMZN / Nasdaq) Credit Suisse First Boston Raising estimates and price target to $23 per share, to reflect the company's higher realized margins. We now expect AMZN to earn $0.11 this year and $0.19 in 2003. Reiterate Outperform rating. Amazon.com (AMZN / Nasdaq) Deutsche Banc Alex Brown Raising estimates and price target to $22 per share, as the company continues to exhibit positive growth trends. Shipping promotions driving strong traffic. We now expect AMZN to earn $0.12 this year and $0.23 in 2003. Reiterate Buy rating AMZN Amazon.com downgraded at Prudential, RBC (19.86) Prudential downgrades to SELL from Hold and maintains their $10 price target, saying they do not believe the co's fundamentals of the business are exciting enough to justify the current valuation. RBC Capital downgrades AMZN to SECTOR PERFORM from Outperform based on valuation; price target is $20

To: Larry S. who wrote (44319)	10/25/2002 9:16:12 AM
From: Joe Stocks	Read Replies (1) \| Respond to of 53068

>>>is using its platform to provide internet sales for other companies<<< They buy a product fo $7.50. They sell it for $10.00. And then they spend $3.00 to delivery it. Guess they make up the difference in volume! >>likely takeover candidate<< Disagree. AMZN's business plan sucks. Not as bad as WebVan but everyone loved Webvan but they just couldn't make money. With a market cap of $8 bil and over $2 bil in debt with no profits, I doubt anyone is in the market to buy this train wreak. Only $1.5 bil in assets yet liabilities $3 bil. I congratulate AMZN for being able to pull this one off for so long. Hell, if you read their press release their claim to profitablity is to to keep reducing their prices. No pricing power. That's not good. From Briefing.com- 8:01AM Amazon.com downgraded at Prudential, RBC (AMZN) 19.86: Prudential downgrades to SELL from Hold and maintains their $10 price target, saying they do not believe the co's fundamentals of the business are exciting enough to justify the current valuation. Separately, RBC Capital downgrades AMZN to SECTOR PERFORM from Outperform based on valuation; price target is $20.