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To: GARY DECARLI who wrote (606)	4/24/1999 7:17:00 PM
From: gridiron 99	Read Replies (1) \| Respond to of 3070

"Monday, EBAY is supposed to beat street estimates, Tuesday, AOL is supposed to beat street estimates, BUT I hear that AMAZON's earnings are not that good! " Where did you hear that AMZN's earnings are not good ? There is an article written by the Bloomberg News, and reprinted by the Seattle Post-Intelligencer, that has the headline: "OPTIMISM BOOSTS AMAZON.COM STOCK." Because I didn't find this article on the Net so I can't post the URL link, but I am typing the entire article since it's a brief one. I really think next week will be a very good week for Internet sector, and our INSP will benefit greatly. OPTIMISM BOOSTS AMAZON.COM STOCK. Loss for quarter may be smaller than expected by Wes Conrad/Bloomber News Shares in Seattle's Amazon.com, the internet's largest retailer, shot up 11 percent yesterday on optimism that the company will beat estimates next week when it reports first-quarter results, which are still expected to resgister in the loss column. Amazon rose 20 1/16 to 210 1/8 - its highest since touching 354 15/16 just before a 3 for 1 split Jan. 4. Trading volume yesterday was 15.9 million shares. The addition of music and video to Amazon's online book business may have helped boost first-quarter sales and the number of registered customers higher than many analysts had forecast. The retailer, with more than 8 million customers, is expected to lose 29 cents a share, the average of analysts polled by First Call Corp. "People feel fairly confident that the company will exceed expectations" when it reports Wednesday, said analysts Derek Brown of Volpe Brown Whelan, who rates the shares a "buy." Other Internet retailers also surged yesterday. Online auctioneer eBay Inc., which reports earnings Monday, rose 28 1/8 to 200 1/8. Ubid Inc., another auctioneer rose 18 to 69 1/8 after it reported a narrower-than-expected quarterly loss Thursday. And Priceline.com, which lets consumers bid online on the price of hotel rooms and airline tickets, rose 11 5/8 to 88. Amazon.com also has raised expectations it may reach profitability sooner than forecast because its expansion into new businesses. Last month, Amazon launched its auction business, which will compete directly with eBay Inc. selling everything from furniture to computers. Analysts Jamie Kiggen of Donaldson, Lufkin & Jenrette, has said revenue from Amazon's auction site on the Internet may exceed $20 million this year and $65 million next year. Amazon also has bought stakes in other e-commerce companies, including 46 percent of closely held Drugstore.com and 50 percent of Pets.com Monday, Amazon was among Internet stocks that tumbled amid concern that such stocks are overvalued. Amazon's rebound yesterday may be from institutional investors moving to buy at lower prices, said analyst Axxel Knutson of Bluestone Capital Partners. "In general, the institutional investors are behind the ball in many of these major Internet stocks," he said, "and when there is a correction, they tend to be in there accumulating."