Amazon.com, Inc. (AMZN) Message Board

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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:18:00 PM
From: hal jordan	Read Replies (2) of 164684

>Out of idle curiosity, is there anyone on this thread that really believes AMZN deserves this valuation?< Glenn, I have been giving this some thought. This stock is absolute insanity at the present levels...however...none of us know what the Internet will evolve into in five years. So I am going to play devil's advocate for a moment. What if this sucker evolves into some kind of portal we can not even conceive of at the moment...what if they merge with YHOO or NSCP to take a huge leap in hits because they evolve into something other than books or music? Lots of what ifs... The point here is that we are in the birth pangs of a unique market, unique services, and unique functionality that may be offered in the future. AMZN could evolve itself into something different. Look at NSCP for an example...from browser to portal. In its present state AMZN looks completely insane from fundamentals. It is the unknown quantity of the Internet, e-commerce, and future evolution that is the key. I don't personally believe AMZN can pull a rabbit out of the hat. However, the rapid evolution of the Internet can make an Internet brand name in 1998 -- AMZN, YHOO, NSCP -- into a goliath in five years because the company morphed itself a new future. This is all sheer speculation. I have puts on this stock that will surely become utterly worthless. I'm trying to search for a reason other than pure Internet mania. This is the only reason I can think of that makes sense, and it sure has nothing to do with current fundamentals. Hal

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