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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: Bill Harmond who wrote (49432)	4/7/1999 9:59:00 PM
From: Jadrew	Read Replies (2) of 164684

Up 10X in next Five Years? Wow ! Let's see, AOL has a market cap of $180 billion today, so you're suggesting a possible market cap of $1.8 TRILLION ? Assuming a more reasonable P/E of 30 (with high growth still built in) in five years times gives a net income of $60 billion. Quick, what's the profit of the top 10 US companies in total today ? There was a book written about 150 years ago. Called Extraordinary Popular Delusions and the Madness of Crowds (by Charles Mackay). Ever heard of it ?

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