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

AMZN 243.02

-0.7%

3:59 PM EST

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To: Wayners who wrote (57935)	5/22/1999 6:14:00 PM
From: Glenn D. Rudolph	Read Replies (2) of 164685

I am doing some research into Wal-Mart's public beginnings in 1970 when they IPO'ed at $16.50. They did 2:1 stock splits in 1971, 1972, 1975, 1980, 1982, 1983 and more after that. Wal-Mart obtained 1.0B in sales 10 years later in 1980. In addition in 1980, Wal-Mart was only making a few pennies per share. I haven't found earnings numbers before 1980 yet. It would be interesting to discover that they were still losing money through the late 1970s. Wal-Mart's stock price moved up to the split non-adjusted amount of $150 to $200 in only a few years after going public. Just 100 shares at the beginning at $16.50 went to over 1M shares with splits at today's current $42. $1650 to $42M. There is nothing wrong with waiting until AMZN is making money before investing. It lowers a lot of risk but axes out a lot of potential reward also. Wall Street didn't really notice Wal-Mart until the early 1980's and those that got in then still made a lot of money. In my opinion AMZN is in the equivalent of the mid 1970's compared to Wal-Mart's stock history. Wayne, This is very interesting. I was wondering if Wal-Mart was ever losing money and took a on a "ton" of debt. Glenn

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