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

To: Eric Wells who wrote (69587)	7/25/1999 11:57:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

That's what 10Q are for. Lou Gerstner doesn't either.

To: Eric Wells who wrote (69587)	7/25/1999 11:58:00 PM
From: Impristine-2	Read Replies (1) \| Respond to of 164684

Can't think for a minute about fear, Can't think for a minute about failure, Can't think for a minute about the consequences, One thing, One thing only, Success, Make this work, Make it happen, Long Term. Take no prisoners, Win @ all Cost. Any Cost..... God Bless America...

To: Eric Wells who wrote (69587)	7/26/1999 12:37:00 AM
From: Jeff Dryer	Read Replies (1) \| Respond to of 164684

Eric, I believe that it might be the analysts who are misleading and at fault. Has Henry Blodget ever explained to the public what year he thinks Amazon.com will be profitable? And how profitable will it likely be if it is ever profitable? I don't think so. But almost every investor in the country heard about his "Strong Buy" ratings and big price targets. And for most investors, price targets are all that matter, because investing for them is like going to the race track, going to Las Vegas, or going to a candy store. At the annual shareholder meeting held in Seattle about two months ago, several shareholders asked questions about future profitability. My recollection is that Jeff Bezos gave many in attendance the impression that Amazon.com might not be profitable for 10 years if ever and that if Amazon.com is profitable, net profit margins would quite possibly be very low (low single digits). Either Jeff Bezos or the CFO or both stated that the long-term financial goal was to optimize the number of net profit dollars, not the profit margins (in optimizing the net profit dollars, margins may turn out to be high or low... and again it was acknowledged that they may never be profitable).