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

To: Bill Harmond who wrote (69076)	7/23/1999 12:28:00 AM
From: GST	Read Replies (1) \| Respond to of 164684

William -- but how will they hold on to it and make money? You have the courage of your convictions, but isn't there something inside you that says that at some point the valuations are based on overblown hype?

To: Bill Harmond who wrote (69076)	7/23/1999 12:32:00 AM
From: 16yearcycle	Read Replies (2) \| Respond to of 164684

Now that I have read enough analysis of Amazon's call, I find it much stranger that it got torpedoed. They are guiding toward a 350 million 3rd quarter and a range of 490 to 700 million in the 4th. Book growth slowed, but it was still more than last quarter(which had the coupon sales). They added more new customers than ever. They split due to the anticipation of further rapid sales growth. To put some of this panic in perspective, a price of $70 would give amzn a p/s ratio of about 7. I think it is awfully early in this game to see a p/s that low on 170% growth. I think they will hit the upper range of these numbers, and the surprise will be that the cfo gets the "earnings" number improved with some cost cutting efforts.

To: Bill Harmond who wrote (69076)	7/23/1999 1:13:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>>No other companies ever took and held this much commercial territory in their early years.<< William, have you ever heard of RCA, or was that before your time? Your about to get your ass kicked ( giving back your $millions in profits) If you don't start to be defensive. You can trust me on that. Ps $1000 dollar bet that Amzn doesn't see 196 by the end of the year. Winner take all. Will you bet me on that? We'll have Glenn come out, and distribute the prize. I think his new long price is 115, and now he's back under water.:-(

To: Bill Harmond who wrote (69076)	7/23/1999 10:31:00 AM
From: Skeeter Bug	Respond to of 164684

>>Some established important franchises overnight like Polaroid, Xerox, Syntex, etc., but none come close.<< and the barrier to entry for xerox is... polaroid is... syntex is... the internet? william, the KEY that ALL internet investors don't understand is simple supply and demand and information transparency. the internet is so overhyped that supply is HUGE. you speak of demand on the net - it is big. it is dwarfed only by internet supply. dwarfed. information transparency make cost competition the de facto competition over the net the vast majority of the time.