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

AMZN 231.69

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3:59 PM EST

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To: Bill Harmond who wrote (48010)	3/29/1999 11:00:00 PM
From: Dave Mansfield	Read Replies (1) of 164684

Classified advertising is by far the most profitable advertising there is. Companies like Knight-Ridder, Washington Post, Times Mirror, News Corp, NY Times Cos add up to way more than $30 billion, and they have editorial, printing and distribution overhead. So a company like Yahoo who earns a small profit is worth $30B+ and a company like AMZN who has yet to earn a profit is worth $20B+? And if we add the market caps of all the other nets we're over $100B for an industry hardly earning anything. OK, I understand now.

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