Amazon.com, Inc. (AMZN) Message Board

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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: doug doan who wrote (7616)	6/25/1998 4:20:00 PM
From: Olu Emuleomo	Read Replies (1) of 164684

Mrkt cap of AMZN is now over $5 billion. I know that estmiated earnings for next two years are negative but AMZN expected to be profitable in year 2000 with some earnings. Assuming all this goes exactly as most optimistic scenario envisions, the p/e for the company will be something like 5000. What are we missing? Well, what you are failing to realize is that story stocks trade on romance. When reality hits (maybe in a year or so), AMZN should trade in the low $30s. Remember Iomega, Netscape, Presstek, etc.., reality hit them.... --Olu E.

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