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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.24-0.6%Dec 17 3:59 PM EST

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To: JBL who wrote (26657)11/18/1998 1:47:00 PM
From: Tom D  Read Replies (2) of 164684
 
<<<Bezos....is a born idiot when it comes to business judgment>>

I beg to differ.

<<- He was courted by Bertelsman (AOL's partner) and declined.>>>
Obviously he thinks he does not need Bert. He can raise money in several ways if he wishes. He thinks he can defeat Bert. Only time will tell.

<<- He touted the "no brick and mortar concept" only to find he needed warehouses to remain competitive.>> So he owns two warehouses. Big deal. He'll need a few more. The need for a few warehouses is in the original prospectus.

<<- He's going all out internationally before making a single dime in the US.>> So you want him to wait 5 years until he is profitable before entering Europe? He showed everybody in the US that he who gets to the market first, gets the lion's share of customers. It is up to his competitors to take them away from him. Because of his bold moves, when people think of ecommerce, they think of AMZN first. That mind-share is incredibly valuable.

<<- He poaches not one, but 9 key employees from Walmart and ends in a law suit with a company that has some of the deepest pockets in the US.>> Well, this boils down to opinion. A couple sources I checked think there is no merit to this lawsuit.

<<- He engages in a verbal war with BKS after they acquire his main supplier.>> Multiple sources think that DOJ will never let this acquisition happen.

<<Again, a great politician, but a lousy business person. Reminds me of Clinton and his foreign policy.>> What is wrong with Clinton's foreign policy? I think Clinton should resign. Despite my personal bias, and acknowledging that Clinton does not have the alliances that George Bush had, I think he has done a decent job with foreign policy.

Except for the small detail that I disagree with everything you wrote, I appreciate the posting. Bezos has manuvered around every challenge and excuted the business plan to perfection. He is an awesome CEO who has created a lot of shareholder value.

Best Regards,
Tom
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