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

To: Bill Harmond who wrote (56188)	5/9/1999 11:30:00 PM
From: Jan Crawley	Respond to of 164684

A $280 1-year target is entirely reasonable Dono about that. It he and everyone else were thinking one year, everyone else would have sold @220 on 4/28/99.

To: Bill Harmond who wrote (56188)	5/9/1999 11:51:00 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

William do you have anything that says the $280 target was set based on auction revenue only. BTW I am puzzled about the whole auction thing at amzn. I think they might have been working on auctions as a part of their multi=storefront offering, where they could offer actions to retailers interested in becoming amazon parters or something, I wonder if hitting ebay direct-on was the intial intention for an auction site. Just thinking out loud.

To: Bill Harmond who wrote (56188)	5/10/1999 7:40:00 AM
From: tonyt	Read Replies (1) \| Respond to of 164684

>A $280 1-year target is entirely reasonable. Joy said she didn't expect auctions >to have a material impact next quarter. Next quarter and next year are different times. Where did she say 'next qtr'? The WSJ reported 'Ms. Covey cautioned that the auction business isn't likely to be a major contributor to Amazon's revenue for some time and added that "it does require significant investment."' 'for some time' is longer that a qtr, and maybe longer than a year, but it really looks like she has no idea how long it will take. The $280 1yr target was based on auction revenue, therefore this target is no longer reasonable, please tell me why you think it is (based on the reason for DLJ's target)