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

To: Rob S. who wrote (12219)	8/1/1998 8:53:00 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Fros Business Week note similarity to AMZN: On July 22, Computer Associates International Inc.'s shares sank nearly 31%, to 39 1/2. Sure, the market was off that day. Yes, the company did warn that earnings and sales growth would be adversely affected for several quarters by the Asian meltdown. But really, the thrashing the stock took can be attributed to one item in its first-quarter report: a $675 million aftertax charge taken to pay three top executives, including Chairman and Chief Executive Officer Charles B. Wang, $1.1 billion in stock. Before the charge, the company earned $194.2 million; after the charge, it lost $480.8 million. Even for Wall Street, the greedy excess was shocking. But what's more remarkable is how this could happen--and with shareholder approval. The pay package, which received a nod from 78% of voting shareholders in their 1995 proxies, called for giving, not selling, CEO Wang, President Sanjay Kumar, and Executive Vice-President Russell M. Artzt more than 20 million shares if the company's stock closed above $53.33 for 60 days in a 12-month period. Wang was handed more than 12 million shares, then worth $670 million, while his two subordinates got the remainder, worth $447 million.

To: Rob S. who wrote (12219)	8/1/1998 1:59:00 PM
From: Mark Fowler	Read Replies (3) \| Respond to of 164684

If they can continue to grow sales AND improve profitability, then you may have some sort of case to justify a $100 price.<<< Rob, the growth is there... on all fronts... 116 million in revs., what internet ipo has those kind of revenues. I guess i don't get it. Rob, I say the stock will be at 200 or higher in 6 to 9 mos., if the market doesn't tank. It's hard to say where it will be, but i think it will settle down above 100 short-term, support at 94. I agree that these internet ipos will reach a saturation stage, but by no means will that crash and burn Yhoo, Amzn, Aol, Cmgi, and some of the other leaders. Caution is warranted in here and i fully expect more volatility with all stocks. But i'm not going to cash out my Amzn longs because of a little volatility. Right now the market is technically weak and we could see more to the down side short term. As i have stated before, i think the market will be in a trading range till the end of the yr. or first part of the yr. Hopefully Right, Mark