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

To: Jan Crawley who wrote (37179)	1/27/1999 2:17:00 PM
From: Olu Emuleomo	Respond to of 164684

Serious or kidding?? That's exactly what Our Mr. B was saying last night!! I'm serious. Here's what I got via e-mail. Headline: +MARKETMOVERS,AMAZON.COM INC ** UP 16 1/4 TO 131 1/4 ====================================================================== UP 16 1/4 to 131 1/4... Posts $0.30 4Q loss (GAAP basis) vs. $0.08 loss as higher op. expenses, incl. merger related expenses, offset sharp sales rise... S&P downgrades to avoid... See Pg. 4, Pg. 5.

To: Jan Crawley who wrote (37179)	1/27/1999 2:23:00 PM
From: Jerry A. Laska	Read Replies (2) \| Respond to of 164684

S&P Downgrades Amazon.com Shares to Avoid Wednesday January 27, 1999 (08:22 am ET) S&P Downgrades Amazon.com Shares to Avoid NEW YORK, Jan. 27 (Standard & Poor's) - S&P downgraded shares of Amazon.com (AMZN) to (avoid) from (accumulate) after the company posted a Q4 per share loss of $0.14 (before charges) vs. a year-earlier loss of $0.08. Analyst Mark Cavallone says the loss was narrower than expected, with sales rising 283% driven by holiday-related sales. He notes that new categories like music and videos accounted for 25% of sales. He adds that gross margins fell to 21% from 22.7% in Q3, and sees continued losses of $0.68 in 1999 and $0.25 in 2000. Cavallone says AMZN sells low-margin goods in dissimilar markets, making it difficult to justify the stock's multiple of 14 times his 1999 sales estimate of $1.2 billion. With the holidays over and price competition on the Internet heating up, he doesn't believe AMZN can maintain its lofty valuation. personalwealth.com