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

To: Jeff Dryer who wrote (69613)	7/26/1999 12:51:00 AM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 164684

>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).< That is just amazing, Jeff. And what is more amazing is that people seem to be content with that idea. A business plan, a plan on how the business can turn a profit (even eventually), used to matter. Now the concept seems old-fashioned, but only because nobody else cares. If the economy were lest robust, or even in a recession, perhaps profits (or at least a plan to get there) might matter.