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

To: Jan Crawley who wrote (53982)	4/29/1999 1:50:00 PM
From: HG	Read Replies (2) \| Respond to of 164684

Great ! I'm ploughing thru the reds - with QCOM and NTBK as the only greens of my 12 odd picks ! :-( Ah well, they will be back ! I was tempted with CMGI & INKT this morn'. But I have sold May 250 puts and I didn't want to tempt fate as the CMGI split is too far away. In retrospect, it would have been a great trade though ! RNWK - what can I say,except Monday seems so far away !

To: Jan Crawley who wrote (53982)	4/29/1999 1:53:00 PM
From: Glenn D. Rudolph	Respond to of 164684

RESEARCH ALERT - Amazon.com loss estimates widened NEW YORK, April 29 (Reuters) - Credit Suisse First Boston analyst Lise Buyer projected significantly wider operating losses on higher revenues for Amazon.com Inc. <AMZN.O> in the wake of the online retailer's first-quarter results. -- In a research note, Buyer said she boosted her operating loss estimates on Amazon for the fiscal 1999 year to $297 million from her prior $133 million view and for year 2000 to a loss of $280 million, vs. her prior $62.5 million view. -- At the same time she raised her revenue estimate for the 1999 year to $1.4 billion from $1.37 billion and for the year 2000 to $2.3 billion from $2.1 billion. -- Still, she reiterated her buy rating on the stock, saying Amazon remained the leading Internet commerce destination and should be a core holding among aggressive investors. -- "Now is the time for true believers to stand up and be counted," Buyer wrote. "Amazon's rev (revenue) growth continues to astound, but so will the size of the newly revised expected operating losses." -- She revised her estimates after Amazon reported first-quarter revenues of $293 million -- achieving the important test of sequential growth of 16 percent from the seasonally strong fourth quarter. But Amazon also warned of deeper losses in 1999 due to stepped up investments. -- The CS First Boston analyst said Thursday's trading will offer a test of whether Amazon shareholders will continue to forgive the company for long-term operating losses in the interests of building up its future business. -- "The stock may be about to afford those who have been on the sidelines a better entry price," Buyer said. -- "While there's no need to be first in line, we recommend that long term investors take advantage of any opportunity which may be about to present itself," she said.