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

AMZN 232.52

+0.1%

Dec 26 9:30 AM EST

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To: Bill Harmond who wrote (29777)	12/13/1998 11:41:00 PM
From: Skeeter Bug	Read Replies (1) of 164684

will, the biggest fundamental missing here is the information transparency to customers which will all but guarantee that buying is based on price for commodities over the long run. add massive competition and ease of entry to the soup with big portion of hype and you will get disaster - even with rapidly growing revs. it isn't revs, its margins. not gross. net. there ain't none and there ain't gonna be any of substance. oh and the fact that amzn is already priced for annual earnings much greater than the sum total of all b&n's (goliath's) earnings in its history ought to chill you to the spine.

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