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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
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To: llamaphlegm who wrote (32729)1/5/1999 7:53:00 PM
From: Tom D  Read Replies (1) of 164684
 
re: annualizing Q4 revenues.

That may not be as unfair as one might think. Given that overall internet sales are still in their exponential phase. AMZN probably will sell $1B in '99. But that would be a much lower growth rate than in the past. Even going from $155M to $250M (Q3 to Q4) is not so impressive, given the holiday effect that is embedded in Q4 sales. And considering the expanding number of product lines.

Last year, going from Q4'97 to Q1'98 was a truly impressive display of percentage growth. The same comparison in 1999 will be a good measure of the future of this company.

But, there is always the unforseen. Maybe AMZN will start getting a lot of advertising revenues, or sales referral kickbacks.

I sold another chunk of stock later in the day today, at $125 7/8. But I am keeping a fourth of my original investment.

BTW, a few weeks I got my copy of Michael Porter's book that you recommended. Haven't really had a chance to go through it in the way you suggested, yet. But it is in my pile of books to read. You have influenced me in positive ways. As they say, you can't go broke taking profits. And, buy using a sophisticated investment strategy called buyearlyinternetdumbluck, I have obscene profits in this stock.

Best Regards,
Tom
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