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

AMZN 226.88

-1.2%

2:40 PM EST

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To: OtherChap who wrote (19852)	10/4/1998 2:11:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

OC, A few corrections: And then we come to Amazon. A low margin bookseller who has a website, 600 employees, and a market cap of 9 billion. Amazon now has 1000 employees. And dont forget barnes and noble, with very very deep pockets (and no 300 million of junk bond debt coming due in a few years).. I believe the junk bond debt is between $500 and $550 million. I would to look to be specific. It is much higher that $300 million. Amazon has already said they expect their marketshare to decline, and it HAS, from around 90 percent 6 months ago to 60 percent today. We should see it being below 50% when Q3 98 is announced. Glenn

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