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

To: Smart Investor who wrote (36368)	1/24/1999 3:02:00 PM
From: Victor Lazlo	Read Replies (1) \| Respond to of 164684

yikes. But, SI, does Barrons also estimate the "greater fool" value of the stock? <g>

To: Smart Investor who wrote (36368)	1/24/1999 5:02:00 PM
From: IceShark	Read Replies (3) \| Respond to of 164684

I don't believe a negative Barron's article has ever wacked the stock the following week. Historically, negative comments are like water off a duck's back, although the amazon duck may be getting a bit too close to the soap factory lately. -g-

To: Smart Investor who wrote (36368)	1/24/1999 7:00:00 PM
From: M CAHILL	Read Replies (3) \| Respond to of 164684

The last paragraph of the Barron's article says... "If you valued Amazon, at say twice forward sales - and assumed that revenues handily triple - the stock, instead of trading at 123, would sell under 25. And, at one times sales, under 12. " Another part of the article says... "So the only the Amazon has proved so far is that it can lose money selling books and lose still more money selling CDs."

To: Smart Investor who wrote (36368)	1/24/1999 7:57:00 PM
From: Glenn D. Rudolph	Respond to of 164684

The Internet Capitalist SG Cowen Internet Research 25 SG Cowen Internet Research Scott Reamer / reamers@ sgcowen. com / 212. 495. 7769 Internet Universe As of: 1/ 22/ 99 12- Month Price Target 52- Week FY Shares Market CY1999E Mkt. Cap Est. EPS Growth Rate Target % Gain P/ E On Multiple Company Symbol Rating Price Range End Out. (M) Cap (M) Rev. (M) /Rev. CY 1998 CY 1999 3- 5 Yr. Price From Now CY99E CY99 Rev Amazon. com AMZN Strong Buy $101.00 199- 8 Dec 151 $15, 221 $976 15. 6 N/ M N/ M 100% NM -100% N/ M - America Online AOL Strong Buy 136.00 167- 23 June 518 70, 480 4,629 15. 2 N/ M 78% 75% NM -100% - - DoubleClick DCLK Buy 92. 00 115- 13 Dec 17 1, 576 147 10. 7 -34% N/ M 60% 120 30% N/ M 14 Excite XCIT NR 84. 00 111- 18 Dec 59 4, 966 225 22. 1 N/ M N/ M 70% NM -100% - - Netscape NSCP NR 58. 00 69- 14 Oct 105 6, 069 748 8. 1 N/ M N/ M 55% NM -100% N/ M - Sterling Commerce SE Buy 39. 00 50- 20 Sep 97 3,793 693 5. 5 21% -100% 30% 44 13% 25 6 Yahoo! YHOO Strong Buy 256.00 445- 29 Dec 117 29, 992 368 81. 5 N/ M 33% 70% 475 86% 633 151 Earnings Qtr. Quarterly EPS Y/ Y SG Cowen FY EPS Estimates First Call SG Cowen CY EPS Estimates Calendar Year P/ E Company End Last Year Est. First Call Growth 1998 1999 2000 FY1998 FY1999 FY2000 1998 1999 2000 1999 2000 Amazon. com 4Q- Dec ($ 0. 23) ($ 0. 53) ($ 0. 57) N/ M (1. 61) $ (1. 55) $ 0.30 $ (1. 61) $ (1. 72) $ (0. 43) $ (1. 61) $ (1. 55) $ 0.30 $ N/ M N/ M America Online 2Q- Dec 0. 05 0. 13 0. 12 160.0% 0.27 0. 56 1. 00 0. 27 0. 52 0. 82 0. 46 0. 74 1. 32 184 103 DoubleClick 1Q- Mar (0.31) (0. 27) (0. 26) N/ A (1.14) (0. 75) 0. 10 (1. 14) (0. 76) 0. 05 (1. 14) (0. 75) 0. 10 N/ M 920 Excite 1Q- Mar (0. 14) 0. 06 0. 06 N/ M (0.08) 0. 48 0. 90 (0. 20) 0. 47 0. 92 (0. 08) 0.48 0. 90 N/ M 93 Netscape 1Q- Jan N/ A N/ M 0.04 N/ M N/ M N/ M N/ M (0. 60) 0. 37 0. 81 N/ M N/ M N/ M N/ M N/ M Sterling Commerce 1Q- Dec 0. 26 0. 33 0. 33 26. 9% 1. 25 1. 60 2. 10 1. 25 1. 60 2. 03 1. 44 1. 74 N/ A 22 N/ A Yahoo 1Q- Mar 0. 03 0. 17 0. 16 466.7% 0.46 0. 75 1. 00 0. 45 0. 73 0. 93 0. 46 0. 75 1. 00 341 256 Trading Shares Market Float Short Avg. Trd Avg Trd % of Mkt Ca p 52- Week % Off of 52- Week Gain from YTD Inst. % Inst Insider % Insider O/ S (mm) Cap (M) (mm) Position Vol (mm) Value ($ mm) Traded/ Day High 52 Wk Hi Low 52 Wk Lo Return Ownership Ownership OwnershipOwnership Amazon. com 151 $15,221 54. 0 22. 2 13. 5 $1, 364 9% $199 49% $8 1163% -6% 35. 3 23% 15. 6 10% America Online 518 70, 480 320. 0 30. 0 12. 0 1,632 2% 167 19% 20 580% -12% 410.0 79% 24. 0 5% DoubleClick 17 1,576 4. 0 1. 5 0. 5 41 3% 115 20% 13 608% 107% 2.8 16% 8. 6 50% Excite 59 4,966 10. 2 5. 0 4. 0 336 7% 111 24% 18 367% 100% 14. 0 24% 6. 2 10% Netscape 105 6,069 46. 8 4. 5 3. 0 174 3% 69 16% 14 314% -3% 23. 3 22% 23. 3 22% Sterling Commerce 97 3,793 81. 5 4. 4 7. 0 273 7% 50 22% 20 95% -13% 85. 0 87% 8. 0 8% Yahoo 117 29, 992 37. 4 8. 6 7. 5 1, 920 6% 445 42% 29 783% 8% 37. 0 32% 69. 0 59% N/ M =Not meaningful, N/ A = Not available Source: SG Cowen estimates, the Bloomberg, and company reports.