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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.61+1.6%1:37 PM EST
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To: Lizzie Tudor who wrote (59286)5/30/1999 10:53:00 PM
From: JC Reddy  Read Replies (1) of 164684
 
That's what Walmart did and that's why it became the leader in retailing. That stock never traded at 40 times its revenues, ever. Now, it has dropped to 20 times revenues, and will further drop to 5 times revenues. If AMZN keeps making losses, it will be 1/2 the revenues a few years down the road.

E-commerce helps FedEx/UPS the most, really.

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