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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: H James Morris who wrote (4126)5/10/1998 1:23:00 AM
From: Bilow  Read Replies (2) of 164684
 
Hi H James Morrs; Regarding that bull analysis...

You want them to start with the scenario: Lets take a bull,
can't lose scenario. Amzn keeps growing their revenue @
the expense of all of their competitors. Although, they still
don't make a profit, Wall Street keeps rewarding them for
revenue and market share gain, and B&N, Borders etc go
bust in, say 2001.


But AMZN's market share is dropping like a rock. They had
90% of the e-book market a year ago. That percentage has
done nothing but drop.

I would like to hear what the bulls are going to say.

My interpretation of AMZN's expansion into things other
than books is that they are running up against the natural
limits to growth in their primary market and are looking to
expand into other things. Otherwise the revenue growth
is close to over.

Turning the company into a general merchandiser is a
loss of focus. Both for marketing and the company's
direction.

-- Carl
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