Amazon.com "hold"

07.08.07 - Lazard Capital Markets

NEW YORK, August 7 (newratings.com) - Analyst Colin Sebastian of Lazard Capital maintains his "hold" rating on Amazon.com Inc (AMZN).

In a research note published yesterday, the analyst mentions that a new online payment system for third-party websites is being beta tested by Amazon.com, which would leverage the company?s already existing payment infrastructure. The company would get additional transaction fees from the programme, the analyst says. According to Lazard Capital, Amazon Payments would be in a position to compete more directly with Google Checkout and eBay?s PayPal.