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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.05+2.9%Jan 5 3:59 PM EST

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To: GST who wrote (33912)1/9/1999 7:15:00 PM
From: Glenn D. Rudolph   of 164684
 

Let's see -- Barnes has 15 huge distribution centers, some over 1 million sq feet and
AMZN has -- 3? Barnes has the wholesale business, the retail business, the printing
business and will move up the foodchain on line -- and AMZN has, I forget, but they
must have something -- look at all the people who bought their stock!


AMZN does have a name that I suspect most people have now heard of mostly due to the media coverage of the stock. I do not know what the value of that name is in that most people have never shopped at AMZN.

The tangible book values of AMZN is negative so in reality they are technically bankrupt. They do not own the three distribution centers. All three are leased.

The stock sure has moved up strong and the cause is more buyers than sellers. I do not believe one can argue with that.

Glenn
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