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

To: GST who wrote (39695)	2/12/1999 8:01:00 AM
From: Glenn D. Rudolph	Read Replies (3) \| Respond to of 164684

AMZN: NATNBK MONT.SEC decreased estimate for fiscal year ending 12/99 from $-0.61 to $-1.49 on 02/10/99 AMZN: NATNBK MONT.SEC made new estimate for quarter ending 03/99 of $-0.43 on 02/10/99 AMZN: NATNBK MONT.SEC made new estimate for quarter ending 06/99 of $-0.41 on 02/10/99 AMZN: NATNBK MONT.SEC made new estimate for quarter ending 09/99 of $-0.36 on 02/10/99 AMZN: NATNBK MONT.SEC made new estimate for quarter ending 12/99 of $-0.28 on 02/10/99 I was told AMZN was only losing $25 million per quarter in a post just yesterday. I stated that the $1.1 billion would last only a year or two. Outstanding shares are 153 million I believe. If -1.49 is correct, the loss in 1999 is $228 million or $57 million per quarter. I was also told that the $1.1 million was oeprating capital for the next ten years. It does not look that way. Glenn

To: GST who wrote (39695)	2/12/1999 10:27:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) \| Respond to of 164684

GST, Well I am very impressed. I believe that your analysis of the economic events was (and is) very insightful. All the news channels ascribed yesterdays runup to bargain hunting in the internut group (now that is a novel interpretation of the word "bargain"). Today I asked my Morgan Stanley broker about their reason for the selloff. He said his firm explained it as profit taking. The man on CNBC said the Asian markets closed higher yesterday because the US market was higher, and he was very puzzled as to why the SP futures were -9 pre open. Congratulations on calling it before it happened. By the way I re-established the 400 shares I had covered in yesterday's panic, and added another 400 short amzn at 107 this morning. -Sarmad