Amazon.com, Inc. (AMZN) Message Board

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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Don Westermeyer who wrote (2737)	4/2/1998 7:13:00 PM
From: Tom D	Read Replies (4) of 164684

Maybe multiples of 1999 earnings are the wrong tool.... ...for assigning a value to AMZN. Who knows when such a pedestrian yardstick will be meaningful for internet stocks? The wild growth of the internet will moderate when we all have cable modems, when every PC is a videoconferencing station, when audio has replaced keyboard interfaces, etc. etc. If you think you know enough to bet against this sea change in modern society you are either very knowledgeable, or risk tolerant, or both. Or you know something (probably lots of things) that I don't. Maybe you should pursue other investment opportunities with more favorable risk/reward ratios than shorting AMZN. I do respectfully disagree with your thesis that the 1999 PE ratio is meaningful. Best Regards, Tom D

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