Intel Corporation (INTC) Message Board

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Technology Stocks : Intel Corporation (INTC)

INTC 50.70

+5.0%

2:46 PM EST

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To: tcmay who wrote (135988)	5/23/2001 8:44:23 PM
From: Dave Budde	Read Replies (2) of 186894

With regard to AMZN stock price. I attended the shareholders meeting for Amazon this morning in Seattle. Mr. Bezos discussed the stock price. If one looks at the return since the company went public, the price is 10X the initial offering price (today's close of 15.60 vs. IPO price of 1.50). This represents very good return for those who got in early. The problem is that the stock saw $150 on the way from 1.50 to 15. I, for one, am astounded that the value of AMZN is still as high as it is given the company has never made a nickel. On the other hand, the financial model of the company is quite compelling when you consider the achieved and sustainable inventory turns (20+). Turns in the 6-8 range is very good for brick and mortar retailers.

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