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

AMZN 239.78

-1.8%

12:25 PM EST

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To: Rob S. who wrote (10766)	7/18/1998 12:57:00 AM
From: umbro	Read Replies (3) of 164684

"Profits are not overwhelmingly important now," said Blenk. "People are looking out two or three years." [ zdii.com ] E-tailing: Amazon.com's push to profits By Larry Dignan July 15, 1998 2:52pm Inter@ctive Investor An excerpt: Analysts said Amazon.com isn't profitable yet, but will make gobs of money quickly once it does show some earnings. Keith Benjamin, an analyst at BancAmerica Robertson Stephens estimates that Amazon.com will post a loss of $1.12 in 1998, lose 61 cents a share in 1999, show a profit of 23 cents a share in 2000, and rake in 88 cents a share in 2001. "The issue isn't the timing of profits," said Steven Horen, an analyst with NationsBanc Montgomery Securities. "The issue is whether the company will grow earnings rapidly." But a lot of things have to go right for Amazon.com and other retailers to show profit growth that quickly. Here are a few things that could keep Amazon.com profits from jumping to warp speed ... And goes on to list reasons that Amazon may have trouble growing earnings: mainly increased competition from B&N and growing pains due to high growth. Various figures on growth expectations and challenges are cited.

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