Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Bill Harmond who wrote (54053)	4/29/1999 3:28:00 PM
From: Glenn D. Rudolph	Respond to of 164684

RESEARCH ALERT - Amazon.com <AMZN.O> lowered NEW YORK, April 29 (Reuters) - BT Alex. Brown on Thursday cut its rating on Amazon.com Inc. <AMZN.O>, while Donaldson Lufkin & Jenrette projected wider 1999 losses for the online bookseller. -- BT Alex. Brown cut rating to buy from strong buy. -- DLJ maintains rating on firm as "top pick," but says expects 1999 loss per share of $1.79, wider than its original estimate of a $0.93 per share loss -- DLJ said it expects Amazon.com's 1999 revenues to be $1.4 billion, up from $1.3 billion. -- The Internet retailer said Wednesday that its losses in the coming quarters would be higher than what Wall Street analysts had expected, due to recent acquisitions and planned future investments. -- shares down 20 at 173-1/2 in morning trade.