NEW YORK (AP) — Amazon.com took a hit Friday after its revenue
forecast caught investors off guard.  THE SPARK: Amazon's first-
quarter earnings were stronger than expected and revenue was in
the ball park. For the current quarter, however, the company
projected revenue of $14.5 billion to $16.2 billion. The
midpoint of the range is lower than the $15.92 billion that
analysts' estimates, according to FactSet.  Canaccord analyst
Michael Graham said Amazon's first-quarter results were "marked
by solid growth, especially in North America, while
International growth stalled" even after adjusting for currency
fluctuations. He added that with Amazon's heavy investments
leading to prolonged low profit margins, the company's stock
"may stall for a bit" in the face of decelerating revenue
growth.  While analysts are accustomed to conservative outlooks
from the world's largest online retailer, Graham described it as
slightly more bearish than the usual low end.  BACKGROUND: The
company has been investing heavily in enha