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

To: MoonBrother who wrote (68658)	7/21/1999 8:08:00 PM
From: Jan Crawley	Respond to of 164684

Hi MB, thanks for the analysis and welcome back.

To: MoonBrother who wrote (68658)	7/21/1999 8:09:00 PM
From: Electric	Read Replies (2) \| Respond to of 164684

Keep in mind somthing about AMZN. Who owns the majority of the shares? Is it posters on SI or Yahoo? No, of course it is large institutions.. mutual funds mainly. When I saw the numbers my first thought was that it was exactly as the company said it was going to be. When it announced a few weeks ago that the loss was going to be wider, it caused the stock to get creamed. Those that made money bought when things looked really bad, when it got below 100... I think that is what I will be doing if it happens again. I respect this company and its managment for many reasons. First, is that it usually tells analysts and the street what it is going to do, and then does so. I think there is a good amount of merit in the fact that they do not pull any punches. Secondly, what is AMZN doing with the sales that it has? Is the company spending lavishly on its offices or administrative functions? No, it is buying pieces to the business puzzle. Every week I see in the news that the company is forming alliances, buying businesses, expanding its reach. Tell me of other internet companies that are as aggressive as this one is. YHOO is likely the nearest in this area, but is nowhere near the scope that AMZN is as far as growing the business. Bezos is looking out 10 years when making decisions, this is the correct thing to do. Even in 5 years there will be huge consolidation in this sector and who will be left? A handful of companies, the rest will dry up and be absorbed by the few that make it. If you are looking short term, then yeah losing 51 cents is not a great thing, but to me it makes sense to start kicking @#$% right now by making a business plan and sticking to it. I saw the article tonight that quotes Bezos saying that there will be more spending in the next 2 quarters than before, and I like that. I do agree that not announcing the split at last earnings was a big boo boo, but this is a stock to buy on dips and stick away. I watch the market like a hawk, but have to think long term with this one. Agree or disagree with managment at least you know what they are doing and what lies ahead.