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

To: Mark Fowler who wrote (15154)	8/29/1998 8:58:00 AM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Read this week's barron's for a good canvassing of TA and FA analysts' read on the market. BTW, a mention or two of amzn -- aka a "fantasy stock" Big was no barrier to taking a beating. In fact, stocks like Merrill Lynch, Travelers Group, Gillette and Coca-Cola, to name only a conspicuous few, were really hammered. And any number of fantasy stocks -- America Online, Amazon.com, Yahoo and the rest of the Internet gang, along with the Dells and the Intels, absorbed some horrible licks.

To: Mark Fowler who wrote (15154)	8/29/1998 9:00:00 AM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

From TMF Amazon.com Shares Fall as Analyst Sees Higher Costs for Company Seattle, Aug. 28 (Bloomberg) -- Amzaon.com Inc. shares fell 11 percent as a leading analyst of Internet businesses said the online bookseller faces at least a year of higher costs from two pending acquisitions, which could lead to wider losses. Amazon.com fell 13 7/64 to 105 57/64 in trading of 6.5 million. The shares have fallen 21 percent this week. They closed at a record 139 1/2 on July 6. Seattle-based Amazon.com, the world's largest online bookseller, will have $4 million in extra operating expenses for each of the next six quarters because of the acquisitions of PlanetAll and Junglee Corp., said Keith Benjamin, analyst at BancAmerica Robertson Stephens. Earlier this month, the company agreed to buy the closely held Internet companies for about $280 million in stock in a bid to attract more customers. Benjamin now estimates Amazon.com will have a loss of $1.72 a diluted share this year, wider than his earlier $1.56 estimate. He also forecasts a 1999 loss of $1.85, compared with his previous estimate of $1.53. Benjamin said he's not sure if Amzaon.com's shares are too expensive, considering the company's expected losses. ''Either the numbers will catch up with the stock or the stock will catch up with the numbers,' he said. Officials of Amazon, based in Seattle, couldn't immediately be reached to comment. Benjamin, who maintains his ''buy' rating on Amazon.com, said PlanetAll could help make Amazon a wider retail site on the Internet, beyond books. PlanetAll is a free service that helps people keep track of appointments. Junglee is a service that helps people comparison-shop on the Internet.