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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN)
AMZN 244.69-2.2%12:56 PM EST
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To: Candle stick who wrote (54)3/24/1998 12:57:00 AM
From: Candle stick  Read Replies (1) of 182
 
Here are three rather negative articles on AMZN that are out today:

From CBS market watch:
Bertelsmann all booked up for online retailing
Amazon: Book seller poised to slide?

By Thom Calandra & Emily Church, CBS MarketWatch
Mon Mar 23 17:29:29 1998

cbs.marketwatch.com.

German media group Bertelsmann AG's purchase of American publisher
Random House could keep online book seller Amazon.com in red ink
well into the next century.

From Forbes ASAP:
forbes.com
An excerpt, This company defines dynamic, even as it scrambles to make money.
Founder Jeff
Bezos, a former Wall Streeter, seized technology and created opportunity. The
result? The world's first online bookstore and a total upheaval in the centuries-old
art of bookselling. The
problem? Amazon.com as a business is far from perfect. Its costs are out of
whack; its service orientation weak. Wall Street now wants better business
fundamentals, less fairy tale.

From CBS, Bertelsmann buying Random house,
cbs.com.
"Random House will also provide a wealth of titles for a new online book-selling
venture that Bertelsmann is planning to compete with Amazon.com and Barnes &
Noble. Bertelsmann announced plans last month to develop BooksOnline, which
aims to sell titles by all publishers in several languages."

.....I really like the part in the Forbes article that refers to the AMZN company as "fairy
tale"............;^)
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