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

AMZN 232.88

-0.8%

3:59 PM EST

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To: Glenn D. Rudolph who wrote (59204)	5/30/1999 2:58:00 PM
From: Wizard	Read Replies (2) of 164684

>>The growth in core book sales as a percentage is slowing. That statement was not incorrect. That wasn't my point. First, it is just naive to say deccelerating growth when looking at estimates. Estimates by any reputable company are always projected to deccelerate. Nobody builds growth expectations at current rates, it doesn't do anyone any good. So growth slowed to 260% in 1998 and will be below that rate in 1999. And...? How do you think Wal-Marts best product line does 3rd year after initial release? Growth slows. It deccelerates. Yes this is a fact but is 260% growth going to a PROJECTED 90% (it will very likely be triple-digits) really a good fact to discuss for a cover story for Barrons? I am just surprised Barrons didn't use its traditional trick of valuing the company based on trailing 12 month sales. And realtive to Barnes & Nobles brick-and-mortar business. Wouldn't have surprised me. They did the same thing to AOL for years.

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