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

To: Bill Harmond who wrote (19461)	10/1/1998 3:11:00 PM
From: Sam Citron	Respond to of 164684

Amazon is covered on the sell side by some of the most-senior analysts in the business. They have the perspective. They know the industry. They believe what they write. Yes, you are right. Anyone with three years of experience is a veteran in this industry.<G>

To: Bill Harmond who wrote (19461)	10/1/1998 3:12:00 PM
From: M. Frank Greiffenstein	Read Replies (1) \| Respond to of 164684

Sellside bad, buy side good... William, I am sure there are very good analysts in sell side firms. But their research is notoriously shallow relative to much better (and inaccessible) research at the buy side firms. But sell side firms have to sell their stuff retail, so they are much more likely to be optimstic and prone to appeal to people's naivete. DocStone

To: Bill Harmond who wrote (19461)	10/3/1998 7:57:00 AM
From: Sam Citron	Read Replies (2) \| Respond to of 164684

William, Having recently taken a look at the distribution of analysts opinions on Amazon biz.yahoo.com, I see that perhaps I was a bit unfair in my earlier post when I lumped analysts together and implied they were all inexperienced bulls who had simply extrapolated high initial growth rates into future and had not considered elements of sustainability. You disagreed forcing me to reflect and gather evidence. I think you would agree that David Readerman is a veteran tech analyst who does not belong to the herd. In fact, he is just the type of analyst who tends to lead the herd (of investors and fellow analysts) rather than follow it. Message 5657049 It is notable that he has not been bullish on Amazon since the beginning of July, which happens to be when Amazon topped out. I know that you respect David's stature and opinions and wonder if you would care to defend your bullish stance on Amazon against the opinion of this veteran analyst. Maybe this dialog can yet generate some insight and clarity, instead of mere smoke. Sam Citron