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

To: umbro who wrote (10078)	7/12/1998 3:07:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164684

OT You know your stock has crashed when..... ...the only "news" listed when you type in the stock symbol is notices of class action lawsuits... yes, that's true right now with SMOD: quote.yahoo.com The last five "news items" are announcements of lawsuits against Smart Modular (SMOD).

To: umbro who wrote (10078)	7/12/1998 4:21:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Copyright c 1998 The Seattle Times Company Posted at 10:37 a.m. PDT; Wednesday, July 8, 1998 Amazon.com falls as faith falters by Alex Fryer Seattle Times business reporter Amazon.com, it seems, can't defy the law of gravity forever. The Seattle-based Internet bookseller shot up from around $40 a share in early June to an all-time high of $139.50 Monday. Because the company has yet to post a profit, much of the run-up was fueled on faith. Yesterday, that faith began to falter. Amazon.com and a host of other Internet stocks slid backward, a trend that continued today. Amazon.com shares were down $14 to $108.125 at midday today, after sinking $17.375 yesterday. Today's drop was precipitated by a number of factors. The influential "Heard on the Street" column in today's Wall Street Journal questioned whether Amazon.com should be valued more than rivals Barnes & Noble and Borders Group combined. The article quoted several analysts who doubted that Amazon.com's stratospheric stock price could match its financials. Amazon.com also was dragged down by developments beyond its control: The rest of the Internet marketplace wasn't faring much better. Yahoo!, the Internet directory, fell $6 to $185 in midday trading after losing $8.25 yesterday. Yahoo! will report its second-quarter earnings after the close of trading today. It's expected to report a profit of 9 cents a share excluding charges. Yahoo! has built a strong brand and a loyal following among Internet users, but its stock performance is nonetheless hard to fathom. Since its last earnings report in April, Yahoo!'s stock price has doubled. Yahoo! went public at $19 a share May 31, 1996. "It's not clear how much anticipated good news is already in the stock," said Andrea Williams, analyst at Volpe Brown Whelan. "Stocks are likely to be volatile one way or the other on the earnings reports. It's just hard to tell which way." Egghead.com of Liberty Lake, near Spokane, was down 12.5 cents to $15.375 at midday. On June 1, the company traded at $7.06. The company has scrapped its bricks-and-mortar shops to sell computer products exclusively online. Other decliners today included Internet directories Lycos, which fell $7.50 to $77.50, and Inktomi, which fell $3 to $73.50. "Investors are realizing that valuations have far exceeded takeover levels," said David Simons of Digital Video Investments. Information from Bloomberg News is included in this report. Alex Fryer's phone message number is 206-464-8124. His e-mail address is: afryer@seattletimes.com Copyright c 1998 The Seattle Times Company