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

To: Bill Harmond who wrote (68769)	7/22/1999 2:30:00 AM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Faith is what it's all about. That's what the stock price is all about. The Street is handicapping Amazon's potential. Faith, belief, trust...that's what buying/keeping stock in any company requires. << one of my old archives General... That 250 Shr initial investment at $27 before any splits is now 3000 shrs. Message 4759785

To: Bill Harmond who wrote (68769)	7/22/1999 2:36:00 AM
From: Dwight E. Karlsen	Respond to of 164684

"But investors, who perhaps had been hoping for better results, sold Amazon.com stock in after-hours trading, where it lost $3.44 to $122." That's from Reuters article on Yahoo. Of course that's just a blip, and AMZN generally sells off after earnings. But only 7% sequential revenue growth in the June Qtr. I guess people are expecting a pretty large increase for the legendary online Christmas season. Meanwhile, there are the Y2K fears to get through between now and then, in the overall stock market. Regardless of whether or not AMZN has anything to do with Y2K (it doesn't directly), if the market is flat to down for the next few months, how much will AMZN increase in the same timeframe? I'll admit though that by next mid-January, the stock should have a nice rally somewhere. The question is, from what stock price point will the rally start, and when? If AMZN goes below $100 ($50 post-split), I would probably buy some.

To: Bill Harmond who wrote (68769)	7/22/1999 2:57:00 AM
From: Eric Wells	Read Replies (2) \| Respond to of 164684

>>Faith is what it's all about. I agree - investing in any stock requires faith. However, Bezos shouldn't ask us to have faith in his statements on current market share - data can be obtained to make market share claims factual. My own view is that Amazon asks investors to take too much on faith - and that's why I don't own the stock. To own Amazon's stock, you must have faith in their claims for future profitability - such claims are based on their belief that they will be able to benefit from first mover advantage across many businesses on the web, without suffering from potential low customer switching costs, and without diluting their brand. I believe that we will see intense competition on the web in the coming years. Bezos claims he will beat out the competition by focusing on customer service and building a strong brand. Yet I believe much of the competition for retail products on the web will come down to price - it doesn't take much customer service to box a product and ship it to a customer. I can easily see a scenario where customers might use Amazon's site to research purchases - to get information on the products they wish to buy - then go to other sites to buy the products at lower prices. This is a "pure" marketplace scenario which the web makes possible - and easy. And as such, price competition is likely to be severe. Taking all of these factors - and numerous other factors that I have mentioned in posts over the past month - into account, I don't have enough faith in Amazon to own their stock. They may be the world's biggest company in five years - and if so, I will miss out on what will most certainly be one of the greatest stock rises in history. I just believe there are too many unknowns. By the way - were their any updates in today's call on when the company expects to be in the black? -Eric