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

To: Mark Fowler who wrote (30100)	12/16/1998 1:35:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

EBAY and others may have government regulation problems in my opinion: wired.com

To: Mark Fowler who wrote (30100)	12/16/1998 10:04:00 PM
From: Victor Lazlo	Read Replies (2) \| Respond to of 164684

<<... that could generate $10 billion in revenue and arnings-per-share of $10 within five years." The analyst said he believes that while Amazon.com's stock is "incredibly expensive relative to near-term expectations" and "scary to buy," the company's long-term opportunity is large enough to support a market capitalization much higher than current levels. The analyst pointed out that Amazon's revenue is currently growing faster than 300% per year. He added that the company's operating margins could ultimately exceed 10% "if the promise of digital delivery of music, books, software and other products comes closer to reality over the next several years." >> Any of you bulls out there care to guess what "digital delivery" means? What kind of bs is this? What is the basis for $10 earnings per share? Provide the metrics please. << Blodget, who continues to rate the stock a "buy," said the shares recently passed his price target of $150. >> It recently passed 150? How often does this clown check the stock's price?

To: Mark Fowler who wrote (30100)	12/17/1998 12:30:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

Oppenheimer brokers were pushing the stock at least five trading days prior to the raised target. We received their analysts report which stated that their 150 price target was under revue, which when taken in the context of the broker's statements strongly suggesting that it would be raised significantly. Op. was soliciting my associate as a new client. How sweet it is - these pigs at their feeding frenzy! Now Merrill reiterated a "reduce" rating and a 12 month target of 172 - saying that it was very risky at this price. You would expect that Cohen (Merrill) and Blodgett & Anning (Op.)have both talked recently to Amazon and are aware of the various developments that will effect the company and estimates of future sales and profits. So why such a vast difference of opinion? It could be that Cohen is looking past the current explosion in sales and market developments and is starting to see competition have an effect on Amazon's future. Blodgett sees what is in front of his face (like fat commissions and new clients for Op.), but ignores the early gains in sales that appear to be happening at Barnes relative to the Amazing one. --------- One more anecdote: "The Business Week Contrarian Market Indicator" has just hit the streets - a cover story featuring Amazon. To a high degree of accuracy, cover pages on Business Week have called the tops to bull markets in many stocks. The logic of the Contrarian Indicator is that by the time a company quickly rises to prominance to be placed on the cover of B.W., just about everybody who might be interested in investing in it is now aware of it and there is no where for the stock interest level to go but down.