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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Glenn D. Rudolph who wrote (61357)	6/9/1999 9:13:00 AM
From: Winston Lee	Read Replies (2) \| Respond to of 164684

Glenn, Bezos is tinkering with the business model to maximize AMZN's brand and market power. I should add 2 more points from my yesterday's post: 1) AMZN can easily make money (if it wanted) by vc business. It already has huge unrealized gains in drugstore.com and other companies, if they were to go IPO. However, AMZN is engaging in vc to improve its strategic business, not be a CMGI (I hate CMGI!) 2) The most important number that investors should be focusing on is not EPS, but free cash flow. AMZN's EPS is similar to its free cash flow, but in case of Barnes & Noble and other retailers, free cash flow is significantly less than EPS, in many cases negative. The beauty of AMZN's model is that when it kicks into gear, the free cash flow number will go through the roof. Regards,