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

To: Glenn D. Rudolph who wrote (10035)	7/11/1998 8:49:00 PM
From: PblcSrvnt	Read Replies (2) \| Respond to of 164684

Glenn, What utter bull*t: "Why do we still have a BUY on Yahoo! when our price target is $127.50? This is based on a 50 multiple of our 2001 EPS estimate of $2.55. We view this as more of a valuation benchmark. Because we expect further positive EPS surprises for the next few quarters and beyond, we believe it will be able to earn enough money over time to justify a high price than even $200. However, we would not be surprised if the stock fell 10%-20% short-term. Our strategy regarding ratings is not to change back and forth for moves that we expect will be sharp and short." What fascinating "strategy" could they possibly have regarding returns if they are banking on "further positive EPS surprises for the next few quarters and beyond to justify the current price years from now???? If they feel so strongly about these infinite positive surprises, then where is the surprise? These folks are sub-reptilian, spineless, self-serving, gutless wonders. Did their "strategy" regarding AMZN ratings take into account the possibility of a 250% artificial stock price inflation caused by a short squeeze and a few tulip chasers? I can't even sit still in my chair I am so incensed by this utterly nonsensical misinformation and absurd rationalization for inaction. Forgive my crudeness, but, Keith E. Benjamin, have you looked between your legs lately to see if there is still anything hanging there? If I were to suffer the misfortune of personally meeting one of these sub-humans, I would look directly into its eyes and ask: Should I buy Amazon? If it responded yes--and seemed sincere--I would immediately remove every penny I have in every account I have in every institution, and repair myself to a saner country such as Iraq or Indonesia, where there would be a better chance for economic sanity and stability, because if this is the type of person that people are listening to in these here United States of America, we are in for a world of hurt. I wonder if Mr. Benjamin is aware of what has been going on in asia, that people are starving in Indonesia, that the Japanese are truly scared of what is coming(I lived there and have friends I communicate with), etc. etc. Mr. Benjamin is suffering from a terminal case of Webnirvanaphoria; a case that is going to ruin his professional health. Mr. Benjamin, Reach between your legs, grab whatever is there and squeeze...Feel anything? Of course not. Now find a client(male) you have put in Amazon. Ask him if he minds whether you squeeze his bas. If he refuses, kindly explain to him that he has no choice. The pain is coming. Analysts with some semblance of a conscience should read this: www3.techstocks.com Lee

To: Glenn D. Rudolph who wrote (10035)	7/11/1998 8:52:00 PM
From: Tom D	Read Replies (1) \| Respond to of 164684

Glenn, do you know any revenue estimates for Q2? Thanks, in advance, Tom D P.S. I hope this 40% (and falling) correction is helping you recoup a big chunk of money. It must be maddening to see how clear reversals look, in hindsight, and how tough it has been to identify them prospectively for AMZN.

To: Glenn D. Rudolph who wrote (10035)	7/11/1998 9:42:00 PM
From: umbro	Read Replies (1) \| Respond to of 164684

AMZN trading 134% above Bonker Benji's target, most overvalued of the "internet" stocks! Here's Benjamin's list sorted by how much above the (let's just say aggressive) target it's trading. Good thing he didn't write this report last week when AMZN was trading at $135. Symbol Rating 7/9/98 7/2/98 %chg 52 wk. hi Target Above Target AMZN BUY $105.50 $110.33 -4% $143.75 $45 134% YHOO BUY $184.00 $172.88 6% $207.50 $128 44% AOL SBUY $113.88 $124.00 -8% $115.00 $85 34% SEEK LTA $32.44 $37.50 -14% $45.00 $30 8% LCOS LTA $71.00 $79.00 -10% $107.25 $75 -5% CNWK BUY $56.50 $68.50 -18% $71.25 $65 -13% XCIT BUY $82.25 $99.00 -17% $111.00 $95 -13% NTKI LTA $20.38 $20.00 2% $34.63 $25 -19% PTVL BUY $34.50 $39.75 -13% $44.00 $45 -23% Cendant LTA $22.20 $21.57 3% $41.67 $30 -26% MBRS SBUY $34.13 $33.00 3% $35.50 $50 -32% GETY SBUY $24.38 $25.75 -5% $28.25 $40 -39% EGRP BUY $25.57 $22.50 14% $47.88 $45 -43% SPLN SBUY $33.25 $36.38 -9% $39.63 $60 -45% ONSL BUY $23.38 $25.63 -9% $36.80 $45 -48% NEWZ BUY $9.13 $9.25 -1% $19.75 $30 -70% I'm a little confused. AMZN is rated as a buy, and yet is trading at twice Benji's target, which is in turn caculated as 50x the _estimated_ earnings in 2001 (3 years out). Heavan help AMZN if its earnings growth retreats below 50%. Strike that, Heaven help AMZN right now.