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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: Glenn D. Rudolph who wrote (8783)	7/4/1998 1:08:00 PM
From: Satellite Mike	Read Replies (1) of 164684

Amazon does have some equity (according to the balance sheet I get from Zacks), about 19 million. B&N has about 600 million equity, Borders about 600 million. Vivus, which crashed from 45 to 5 (once Viagra hit the market) has equity of about 100 million. Its cap shrunk from 1.3 b to 150 m. Mary Meeker has to know that Amazon, whose best quarterly revenues are 87 m, has major competition on the horizon. The question people will ask friends is "Do you use the comparitive, price- checking book-searches? Bigger discounts and lower margins are coming on internet book sales. Mike

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