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

To: Mark Fowler who wrote (54309)	4/30/1999 1:08:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

RESEARCH ALERT-Morgan bullish on Cisco <CSCO.O> NEW YORK, April 30 (Reuters) - Morgan Stanley said on Friday analyst Chris DePuy made bullish comments on Cisco Systems Inc. fiscal third-quarter results, which he expects to be strong, rather than seasonally weak as the company expected. -- DePuy "is confident" of his $0.37 a share profit estimate for the quarter ending in April and his forecast of 4.9 percent sequential revenue growth. -- DePuy is also generally more confident about Cisco going forward in the second half of calendar 1999 than he was three months ago, the firm said in a brief research note, citing improved order visibility and the growing importance of intranet-related projects. -- he maintains his strong buy rating and a one-year price target of $135. -- Cisco shares up 3-9/16 to 112-3/4 in early trading.

To: Mark Fowler who wrote (54309)	4/30/1999 1:09:00 PM
From: Sarmad Y. Hermiz	Read Replies (3) \| Respond to of 164684

Mark, >> this has always been a know factor that Amzn plans on spending more on marketing and investing in new businesses and infrastructure this yr. << Exactly. The stock sold-off on news that was already known. What remains is that the price level was maintained by day traders and momentum speculators. I guess the fate of these stocks is in their hands now, till the next "run to e" (as Eugene likes to say). I really have no complaint. As long as they stay in their range, the contrarian method of "selling into rallies, cover at the drops" will work just fine. Hating amzn is not a religion with me.