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

To: Mark Myword who wrote (3525)	4/28/1998 2:57:00 AM
From: Charles	Read Replies (1) \| Respond to of 164684

Surprise!! - 2:1 split + $.40 loss (analyst expects $.47) Here is the latest from www.briefing.com. I guess when AMZN rallied back this afternoon, someone knew about the story already. From Briefing Amazon.com (AMZN) 82 3/4 -2 1/8: internet book retailer declares 2-for-1 stock split. Reports Q1 loss of $0.40 a share vs a yr-ago loss of $0.16. Revenues rose 446% to $87.4 mln from year-ago level of $16 mln. Analysts were expecting red-ink of $0.47 a share. Company also announces the acquisition of three Internet companies; will incur charges of $55 mln related to acquisitions...

To: Mark Myword who wrote (3525)	4/28/1998 6:45:00 PM
From: J.S.	Respond to of 164684

William, Unfortunately, AMZN made a very strong move. Let's see what happens when the details of the financing are revealed. Also, I am simply baffled by the fears of rising interest rates. Huh! Shouldn't we be afraid of deflation and a cyclical economic downturn (and subsequent effect on corporate profits). Can anybody remember inflation being this low. Yeah right, we are all worried about inflation and companies are running scared because they may have to pay an extra quarter point on their debt. And they are not worried that the annualized 60% (about) increase in the stock market is not reflecting real growth in the economy. Yeah Alan and the boys, slow down the economy some more. Asian downturn may not be enough; we could have real growth of a whopping 2% this year. Of course, next week the slowing economy and the threat of recession will be the source of worry. Joe