Amazon.com, Inc. (AMZN) Message Board

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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: Don Westermeyer who wrote (1520)	2/11/1998 11:25:00 AM
From: Tom D	Read Replies (2) of 164684

P/E of 130 without advertising expenses... But what would it be if revenues double annually for a few years. Maybe the current losses are just an entry barrier for potential competitors. It seems the market values the company as if it is going to dominate on-line bookselling and steal market share away from land-based competitors. Then the current stock price becomes a result of whether or not people agree with that venture capitalist, John Doerr, who thinks AMZN already won the battle for on-line bookselling market share. Best Regards, Tom D

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