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


To: Smart Investor who wrote (53395)4/28/1999 4:38:00 PM
From: Michael Young  Read Replies (2) | Respond to of 164684
 
Cramer said this afternoon that the revenue estimates around the street were in the $260-290 million range, and that $300 million would be a blowout.

MIKE



To: Smart Investor who wrote (53395)4/28/1999 4:39:00 PM
From: Najib Mehanna  Respond to of 164684
 
nah..........numbers were descent..............it might drop a bit, but then it explode to 250+ by mid summer with split to come.



To: Smart Investor who wrote (53395)4/28/1999 4:42:00 PM
From: MoonBrother  Read Replies (2) | Respond to of 164684
 
> The results are probably not good enough. Did not meet 300 million
> revenue projection, loss of 0.23 or 0.36 is not good. AMZN may drop
> to the 150 level tomorrow. InterNuts are probably in trouble
> tomorrow.

Totally disagree! I think AMZN has put up an extremely good result. Not only beating the Street's consensus of $264mil rev, but also beat Blodget's outragous $290mil rev. The most important achievement is the rev/lost ratio. Blodget was expecting a 14%, which was an increase from the previous q's 11%, and that would be the first time that AMZN breaks the trend of narrowing the loss. Now AMZN answered with a remarkable 10% ratio!!! Not only beat blodget's 14%, but keeps that important trend alive!!! As for other numbers, such as 8.4mil customer, etc. all looks very impressive. I think we should see a whole slew of analysts' upgrades tomorrow. Perhaps seeing some $350 price targets!!!

The only question is, where is the split? I think AMZN may leave that announcement first thing tomorrow morning to fuel the morning trading.

Let's hope so!

MB