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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Rob S. who wrote (33191)	1/8/1999 12:56:00 AM
From: Dwight E. Karlsen	Read Replies (2) of 164684

The market remains grossly over-fixated on growth and fails to recognize the significance of the company's own admissions: that margins were adversely effected because of pricing pressures. Amazon bought business. Yes, and what do the analysts have to say about this? In any other business but "internet", analysts would be woefully shaking their heads, some writing grim "research notes" full of cautionary statements to big-buck clients. These "research notes" would somehow make it into a journalist's notebook, a story would be written up about this dreadfully harmful situation, and the next day the stock would open down 5% on high volume. But this is an INTERNET stock! Losing more money than ever is GOOD! After they "buy the world" with cutthroat pricing, then they will jack up the prices and everyone will have to pay up, and then the company will be "the next Microsoft", with a proprietary commodity and.....um let's see...I lost my train of thought. On second thought, just get on the train! Buy Amazon or miss out on the next Microsoft!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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