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

AMZN 231.19

-0.6%

12:36 PM EST

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To: Bill Harmond who wrote (29777)	12/14/1998 5:09:00 PM
From: Gary Walker	Read Replies (1) of 164684

Already six replies to your "you are obsessing" comments: Probably no need to proceed, certainly you've heard it here by now. Just in the last few months, look at the numbers of web sites selling books. CD's, DVD's, VCR Tapes are even worse. Yes AMZN has a better service, but their prices are high. They cannot continue to absorb losses and outlast B&K or Borders. It's NSCP and MSFT all over again! The little guy will lose unless the little guy has the technology that nobody can legally copy! The first piece of bad news will trash this dog with it's $12 billion market cap back to the bottom where it belongs. Selling at 18 times annual sales? That sucking sound you hear is the sound of cash flowing from AMZN's bank accounts. The more it sells the more it loses. This is a new business model that simply will dry up and blow away. Mark it down, you heard it here first, at least 1 thousand times! gw

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