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

To: Rob S. who wrote (9603)	7/8/1998 9:15:00 PM
From: Alan Newman	Read Replies (1) \| Respond to of 164684

Here's an interesting news report on Yahoo "beating expectations": biz.yahoo.com My guess is that we see a downgrade on YHOO to hold based on valuation. Excerpt: But some analysts issued a note of caution that these latest stock price gains may not be justified. ''If you didn't know what Yahoo!'s stock price was, it was a great quarter,'' said Keith Benjamin, an analyst with BancAmerica Robertson Stephens in San Francisco. But as he noted, Yahoo!'s stock has already risen very far very fast. Since its last earnings report in April, Yahoo!'s stock price has doubled. It is currently trading at more than 10 times the $19 a share at which it went public on May 31, 1996. Benjamin maintains a ''buy'' recommendation on the stock, but said the latest earnings were ''not that much of a positive surprise'' that further gains in its stock price would be justified. ''I will be shocked if it is up much more tomorrow. I will be relieved if it is flat to down,'' he said.

To: Rob S. who wrote (9603)	7/8/1998 10:32:00 PM
From: Robert Duncan	Read Replies (5) \| Respond to of 164684

Rob S., I Totally agree with you on this one. TO many people are not making the distinction between YHOO and stocks like AMZN. A good analogy between the two would be that YHOO is Coke and AMZN is just a potential supplier of the tin can that holds it. In other words, YHOO is building brand identity, can maintain high profit margins because they are the leader in the industry, and is already profitable. AMZN simply sells items that are essentially available anywhere from anyone else who want to sell them. AMZN is in a market that will (I think) surely develop into a buyers paradise where finding the best buy on a product is literally a click away.