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

To: Dwight E. Karlsen who wrote (69614)	7/26/1999 2:52:00 AM
From: dbblg	Respond to of 164684

>>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. While I disagree with the first part of your statement (TCI and many other cable companies delivered impressive returns to investors for a long time while insisting that profits were for sissies who liked to pay taxes) you do raise an interesting point. Investors who claim to buy a company's--or for that matter, a hedge fund's--long term approach can turn skittish with alarming speed when market conditions change. THe thing is, I think the management team at Amazon understands this, and wants to build out as fast as possible while the funding window is open. If I had a criticism of YHOO it would be that they have been too squeamish about spending aggressively to capture market share.