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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 247.35+0.4%Jan 9 9:30 AM EST

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To: Bill Harmond who wrote (69076)7/23/1999 12:32:00 AM
From: 16yearcycle  Read Replies (2) of 164684
 
Now that I have read enough analysis of Amazon's call, I find it much stranger that it got torpedoed. They are guiding toward a 350 million 3rd quarter and a range of 490 to 700 million in the 4th. Book growth slowed, but it was still more than last quarter(which had the coupon sales). They added more new customers than ever. They split due to the anticipation of further rapid sales growth.

To put some of this panic in perspective, a price of $70 would give amzn a p/s ratio of about 7. I think it is awfully early in this game to see a p/s that low on 170% growth.

I think they will hit the upper range of these numbers, and the surprise will be that the cfo gets the "earnings" number improved with some cost cutting efforts.
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