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

To: Glenn D. Rudolph who wrote (30418)	12/18/1998 10:48:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Glenn, I want more volatility. Today I'll just watch. From heard on the street. >>AS AMAZON TURNS: It was the battle of the Internet analysts Thursday over Amazon.com's highflying stock. Merrill Lynch analyst Jonathan Cohen took a swipe at CIBC Oppenheimer analyst Henry Blodget, telling clients that the online retailer's shares should trade at about 50 each over the next 12 to 18 months. The comments were a challenge to Mr. Blodget, who had raised his 12-month price target to 400 from 150 Wednesday, sparking a 46 1/4, or 19%, rise to 289. Thursday, Amazon fell 12 1/4, or 4.2%, to 276 3/4. "It's like a street brawl," said Jeff Matthews of RAM Partners. Mr. Cohen says Amazon is ultimately a retailer in the low-margin business of selling books and is up against intense competition as established off-line players like Barnes & Noble expand on the Web.<<