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

To: Bo Le who wrote (33988)	1/10/1999 8:58:00 AM
From: MoonBrother	Read Replies (8) \| Respond to of 164684

Analysts' most recent comments. As promised, I'm gathering a series of analysts' most recent comments of AMZN. Here I want to highlight a piece from the most respectable I-net analyst BancBoston Robertson Stephens's Keith last Friday. I think his remarks represent the Street's general feeling about AMZN, and directly hit some of shorts' weakness on this board. The following is the piece. I will post the whole report and other analysts reports in the following posts. 11:33am EST 8-Jan-99 BancBoston Robertson Stephens (Benjamin, Keith 415-693-3 The Web Report - Volume 2, #1 (Page 1 of 2) BANCBOSTON ROBERTSON STEPHENS Keith E. Benjamin, CFA - 415-693-3285 keith_benjamin@rsco.com January 8, 1999 The Web Report -- Volume 2, #1 DON'T FIGHT THE TAPE -- I have always been a superstitious analyst, looking for signs, rational or not, for market and stock direction. Amazon's stock, splitting 3-for-1 this week, showed remarkable resilience from threatening revenue news, suggesting a very healthy demand for Amazon and for the entire group of stocks, even at valuations that appear to reflect very high expectations. Amazon reported December quarter revenues of $250 million and the addition of 1 million new customers. By any measure outside the Internet, this represents outstanding growth, in our view. However, we had feared that investor expectations had risen well above those numbers, with the circular logic of explaining the stock price rise by assuming that the numbers would be as huge. We had hoped to buy the stock cheaper on the announcement and it appears we were not alone. Last week we were more concerned about stocks languishing after reporting season. The fact that Amazon's stock fell very briefly, ending the week up 48%, we believe is the clearest sign we have seen for continued strength in this stock group, even if company reports don't exceed the high end of inflated expectations. STOCK STRATEGY -- We continue to suggest building and holding a portfolio of the biggest and best, focusing on AOL and Amazon, and a select number of emerging franchises, with a more opportunistic trading approach. This week, we