AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) Message Board

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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN)

AMZN 249.43

-1.8%

Nov 4 3:59 PM EST

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To: BelowTheCrowd who wrote (83)	5/14/1998 12:51:00 PM
From: Candle stick	of 182

Herb Greenberg, from "thestreet.com" on AMZN, in response to Cramer: Herb on TheStreet: Subway Series: Game One -- Cramer's Comments on Amazon and AOL. By Herb Greenberg Senior Columnist 5/14/98 9:27 AM ET Memo to J.J. Cramer: Loved Wednesday's "Is Amazon the Next Iomega" column. Great points on why you wouldn't short the stock, BUT ... is that the sound of backpedaling I hear? The only warning flag you didn't raise was the one about how competition could very well cause Amazon's (AMZN:Nasdaq) profit margins to get crunched in the face of rising competition. Oh, and maybe you oughta try reading your own site (I'm on thin ice here and I can already hear the arrows zinging past my ears as I write this, but you also wrote: "We know that software will be invented that will price out books and send you to the lowest price available on the Net"). Hey, Bud (I'd call you boss, but now that I've been hanging around the New York newsroom I realize that title rightfully belongs to TSC Editor Dave Kansas), the software you mentioned already exists. As this column has pointed out numerous times, and as you conceded in your column this ay-em, www.acses.com (when it's working) should be every Amazon.com-like company's worst nightmare. Amazon insists that its customers care less about price and more about the so-called Amazon "experience." And there's little denying it's the slickest and smoothest book site out there. But a few Amazon users have told me that after taking a trip down the Amazon to figure out which books to buy they simply click over to Acses or some other site to make the actual purchase at a lower price. .......the Acses site is acses.com .......the new Borders site is borders.com

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