Amazon.com, Inc. (AMZN) Message Board

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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: the Druid who wrote (869)	11/26/1997 6:42:00 PM
From: John May	Read Replies (2) of 164684

Druid, the writer's name is Steve Harmon. I emailed him to come over and explain his comments. Regarding AMZN, I think he was saying that the company's commercial success is being studied closely, as well it should be. Regarding Internet stocks, I think he's suggesting that the market is valuing them based on traditional approaches - "old school" financial recipes - but the Internet is not a traditional thing. He has a point. The Internet is a paradigm shift and traditional methods of evaluating may not be accurate. Amazon is a good example. There are posts that bemoan the absence of profit or the high price-to-sales ratio, but they lose sight of the fact that it was impossible for traditional retail to go from zero to $1billion in revenues in a mere 5 years, as AMZN is on track to do. It is incredible. Amazon has achieved 2/3 the market value it took BKS a hundred years to achieve. If you're short, be vigilant; it's like shorting the future.

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