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

To: Arik T.G. who wrote (7091)	6/23/1998 8:23:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Yahoo Inc. , the biggest Internet directory, rose $10.312 to $139.563. Its rival Excite Inc. was up $5.875 to $79.50. Online bookseller Amazon.com Inc. was up $5.563 to $81.375 and Lycos Inc. , another one of the top gateway to the Internet rose $4.25 to $64.50. "I think there's a certain amount of wondering, what's next?'" said BancAmerica Robertson Stevens analyst Keith Benjamin. William Blair analyst Abhishek Gami put it another way: "The question is no longer will there be more alliances, no longer, but at what price?" "Every time there's another deal, it puts a new floor on these stock prices," he said. Analysts also said the two recent investments by NBC and Disney in Internet companies had brought more legitimacy to the Internet sector and silenced some of the naysayers. Most were still not forecasting a rush to acquire these companies outright, since their high stock prices could be a deterring factor. But they said more joint ventures and alliances were likely as traditional media companies sought an entree into the "new media" business. While Internet stocks have been riding high most of the year, they are getting an extra boost now from individual investors, many whom Benjamin said are hearing about these stocks on the six o'clock news, or ironically, through the growing number of online brokers. At the same time, short sellers are finding it harder to justify their positions, analysts said, and many are getting out.