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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.84-0.7%Dec 31 3:59 PM EST
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To: KeepItSimple who wrote (70790)7/30/1999 9:07:00 AM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
I can understand why you believe a 50% haircut across the board is impossible, but you
MUST understand that another 50% haircut applied to the internuts would still leave
them overvalued by a factor of 4 or 5.. Hardly an "impossible" scenario, don't you think?

KIS,

Growth stocks will have much higher PEs. The valuation model you are using is not accurate here.

Glenn
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