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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.23+1.8%12:59 PM EST

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To: H James Morris who wrote (13437)8/13/1998 9:40:00 PM
From: Don Westermeyer  Read Replies (2) of 164684
 
AMZN has won (so says Wall Street) by selling other things? I doubt it. 'Wall Street' also said BOST 'won' and look where it is now.

ONSL, and internet auction site, 'sells' more things too and it trades at 1/7th the price of AMZN on a P/S basis. ONSL only has half the revenue that AMZN has but I consider that 'in the ballpark' for a valid comparison. ONSL is also near profitable.

The longs had better pray that AMZN's revenue growth actually continues for about 5 years or so to justify the outrageous market cap.

The 'book' story appears to be about over for AMZN, so I guess they plan on keeping the dream going by entering other areas.
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