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Strategies & Market Trends : Tech Stock Options

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To: epicure who wrote (51920)	9/9/1998 1:48:00 PM
From: SJS	Read Replies (2) of 58727

Did you see the article in the WSJ about AMZN, and that it's valuation is not deserved because it is just an new type of "commodity selling" company (ie no technology, no software...). _____________ 12:47 ET Amazon.com (AMZN) 88 1/4 -4 (-4%): Wall Street Journal article has helped whittle away two-thirds of yesterday's advance. Headline: "Amazon's Highflying Valuation May Mask What Is, At Bottom, a Commodity Business." According to Merrill Lynch analyst Jonathan Cohen, AMZN is not a technology company or a software company and, as a result, should not enjoy they type of valuations awarded these high-profit-margin companies.

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