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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 244.25-2.0%Nov 12 3:59 PM EST

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To: llamaphlegm who wrote (10638)7/16/1998 5:31:00 PM
From: Tom D  Read Replies (1) of 164684
 
Sorry, lp, I am too busy for that endeavor.

Clearly the market valuation is disconnected from fundamentals at the present time. At the present time AMZN is being valued as a concept stock. Eventually it will be judged on fundamentals. The estimates about futures sales and revenues are therefore of interest, but too far away and speculative to be meaningful. You are requesting blind guesses... let's see, 5% of doemstic wine sales in 2003, 6% of domestic toy sales, 4% of videos, 6% of US book sales, 4% of music CD's, 1.7% of software sales, etc etc. AMZN may be uploading digital books and CD's for loyal customers in 2003.

My point about the pig is that it is not a meaningful comparison to look at AMZN 1997 revenues when Q1 98 is over 30% greater than Q4 97. The statistics presented obfuscate more than they help anybody. Why not have a table under a pig which shows the BKS has 500 times as many stores as AMZN and therefore deserves a market cap 500 times greater?

Tom
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