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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: Tie Zeng who wrote (3892)	5/4/1998 7:04:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

I am not sure if the "big boys" can put AMZN out of business in a long long time. As someone pointed out, AMZN's market cap is close to B&N. Take advantage of this wisely, AMZN will have lots of money to last a long while even if they keep losing money on their business. Tie, I really doubt the market cap of AMZN will remain high. Comparing it to AOL is different since we do have a large difference in barriers to entry. Poeple don't buy more books because of the online bookstores. But online book sales are growing very fast. The other way to say it is the retail stores are losing sales rapidly. Sooner or later, some of the retail stores have to be closed. We are going to need to see the numbers from BKS for all of 1998 before I would agree store sales are dropping. Glenn

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