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

To: Eric Wells who wrote (64701)	6/25/1999 8:51:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Again, thanks for your message. My own view is that there are too many risks with AMZN. I would be much less bearish on the stock if Bezos was more open with stockholders regarding how much longer it will be until profitability. I liken Bezos position to the following: I try to imagine myself going out and borrowing money from all my friends and family to start a business, and although the business does well year after year, I keep telling my friends and family, "it's only a matter of time until I make some profits in order to pay you back." This analogy is not perfect (it's more perfect if you bought AMZN at $220 then if you bought AMZN at $10). But I could never put myself in this position - I would feel a responsibility to inform those that have invested in me to give them a good and honest idea of when they will get a positive return on their money. Bezos has been doing this for five years now. Eric, This is my largest concern with Amazon. I agree completely with you here. Glenn