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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Sarmad Y. Hermiz who wrote (57595)	5/21/1999 8:22:00 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

I mean the story has gotten old. I don't expect much of a run to losses this qtr. What possible good news can there be ? exceeding all loss estimates ? A new acquisition ? warehouse ? The DLJ guy must think of himself as an idiot now for the 280 target. MS does not have a buy on amzn (they have out-perform) even at this price. Bezos said he just wants ten years to become profitable. He is not sure how profitable Amazon will be nor even the bottom line margins but he will decide that in ten years. It is good that many of the other internet firms, Amazon included, have sold off so they can make acquisitions with cash. Amazon has never acquired a firm with cash. It appears in total Amazon wants fiftenn years to prove themselves. Not 5, 7, 10, 12 but 15. Sheesh by then GNET may be gone and how am I going to tell William I told you so? <G> Glenn

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