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

To: tonyt who wrote (9384)	7/8/1998 9:27:00 AM
From: Narotham Reddy	Respond to of 164684

Amazon.com's High Market Value Leads to Questions on Valuation Wed, 8 Jul 1998, 9:07am EDT 7/8 Amazon.com's High Market Value Leads to Questions on Valuation New York, July 8 (Bloomberg) -- Amazon.com Inc.'s stock- market value before yesterday's fall was almost as much as that of Barnes & Noble Inc. and Borders roup Inc. combined, even though the No. 1 online bookseller isn't generating a profit, leading some to question the valuation methods for stocks, the Wall Street Journal reported in its ''Heard on the Street'' column. Lise Buyer, an analyst's who's moving to Credit Suisse First Boston Inc. from Deutsche Bank Securities Inc., said Internet stocks are ''being valued on a wing and a prayer,'' adding that valuations of many of the ''highflying'' companies show only an upside without including risk. Phil Leigh, a Raymond James & Associates Inc. analyst, whose Internet valuation method starts with estimating future annual per share earnings, warns that the popular method of looking at multiples of projected revenue could be flawed if companies artificially inflate revenue, since it's based only on projections, the paper reported. Yesterday, Yahoo! Inc., Amazon.com Inc. and other high- flying Internet stocks fell amid investor concern that their shares are too expensive after a week-long surge that pushed Lycos Inc. and others to records.