Amazon.com, Inc. (AMZN) Message Board

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

AMZN 230.84

-0.7%

3:59 PM EST

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To: John May who wrote (1018)	12/17/1997 9:50:00 AM
From: Oeconomicus	Read Replies (1) of 164684

The point is "ahead of everybody's expectations" and "bigger deal than the PC." John, You should look a little closer at the early '80s. There's a long list of "leading edge" companies that were hot in 1983 only to disappear by 1985. Some got bought, but many failed. Ever hear of Osborne Computers? Not sure what happened to Altos. And, if not for the PBS show "Revenge of the Nerds", few today would know that Jobs and Wasniak did not invent the microcomputer. The guy who built and sold the first left the industry and went back to med school. The point is that in a rapidly growing and evolving industry, the early leaders usually don't win the race. Many don't even finish. Controlling a technology helps (see MSFT), but the best technology doesn't allways win (see MSFT again). As for AMZN, they can't even lay claim to any technological advantage. In the long run, all that matters is making money. With AMZN, that possibility is far off in the future and even farther from a certainty. And even if they do eventually prove the model, valuations matter and the truth catches up to the hype. Bob

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