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

To: Glenn D. Rudolph who wrote (28988)	12/5/1998 10:54:00 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

Wow, Bancboston is getting worried about the internet stock sector's prices? :) I like the part where they have decided to stop listing price targets. I guess updating them every week is too much work. It seems everyone and their brother is cashing in on this craziness- even an old aquantaince of mine, Naveen Jain, is about to make a killing in the market by being the head of Infospace through its IPO next week. It appears the cycle is complete, even crooks like him are getting in on the action. Check out my posts under the Infospace header to read some of the gory details. Good saturday morning to all!

To: Glenn D. Rudolph who wrote (28988)	12/5/1998 11:12:00 AM
From: llamaphlegm	Respond to of 164684

Glenn: This is frightening. ABANDONING PRICE TARGETS - We have been deriving our price targets from our published earnings estimates over the next 3 to 4 years. Even adjusting for the hopefully conservative element of our projections, the price targets for the perceived winners and others don't appear to make sense relative to current stock prices. While we find price targets useful as a reality check, based on repeated requests for an explanation, we suspect the data may be creating more confusion than value. As such, we are removing the price targets from our weekly table. and this is a little strange -- i'm having trouble understanding why a travel service wants to sell itself it to a retail merchant ot books, vbideos, and cds and limit itself to those who come to amzn's site rather than line up with aol, msn et al??? we can imagine a few powerful combinations. Yahoo! and Amazon.com would appear the ultimate Web destination. Yahoo! and the other networks are already trying to create easy-to-shop malls by offering one-stop registration for credit card and shipping information. The challenge with this model is that it does not assure quality service, which we believe may require taking inventory. The counter to this argument is that landlords have higher margins than e-tailers. However, AOL has a blended margin of access and other revenues and has the highest aggregate market capitalization. Accordingly, Amazon.com and Excite might make a better marriage, because Excite might be more willing to give up its name. Smaller transactions might make more sense, such as Amazon.com buying Preview Travel, which would appear less expensive than trying to enter the travel space itself.