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

To: Eric Wells who wrote (69916)	7/27/1999 1:18:00 AM
From: KeepItSimple	Read Replies (3) \| Respond to of 164687

> By the way - does anyone know if Drugstore.com is profitable? You've got to be kidding. Don't you know by now? The formula for success is simple. IPO. Put off profitability predictions for as long as it takes your options to vest. Sell. Retire. Preferably have a Kleiner Perkins partner invest some cash right before you sell to a Kleiner Perkins controlled company. The internut stock mania is the biggest financial scam this country has ever seen, bar none. The biggest surprise is that there are thousands of new investors every day who believe it.

To: Eric Wells who wrote (69916)	7/27/1999 1:34:00 AM
From: Bert Klimer	Read Replies (1) \| Respond to of 164687

DSCM is not profitable, but then again they have only been in business for 15 months and their losses are coming from promoting their site. I have personally used drugstore.com and was happy with their service. I think the IPO will take off, but then again you can never tell until it opens. CNBC had been touting it as a much anticipated IPO earlier in the day. I know I can't get in on the offering and was debating on buying AMZN since the value should reflect in their stock price. Bert

To: Eric Wells who wrote (69916)	7/27/1999 6:28:00 AM
From: Jeff Dryer	Respond to of 164687

Drugstore.com is not close to being profitable. Here is an excerpt from a CNET article news.com Drugstore.com lost $30.4 million for the first six months this year, on sales of $4.2 million. The company had no revenue last year. In six months, they lost $30.4 million. Wow! This is valuable. Here is another excerpt from a different CNET article: The updated filing comes one week after Drugstore.com announced deals with Rite Aid and General Nutrition Centers, revealing the affect on Amazon's stake in the company. Rite Aid acquired 25.4 percent of Drugstore.com for $7.6 million and GNC bought 8 percent for $2.5 million; both purchases were made in cash. The deals diluted Amazon's stake in the company from 43.8 percent to 29.2 percent. After Drugstore.com's public offering, Amazon, Rite Aid and General Nutrition Centers will own 27.4 percent, 21.8 percent and 6.9 percent of the company, respectively. ---------------------- So, Rite Aid invested at something like a $30 million valuation and Drugstore.com is soon going to be worth $1 billion or more? This is insanity. I'll have to find the date of Rite Aid's investment... I can't believe Rite Aid invested at a $30 million valuation only several weeks ago and now it's going to be worth a billion... I take that back. Yes, I can believe it. From CNET Melinda French Gates, a former Microsoft executive and the wife of Microsoft chairman Bill Gates, is expected to be appointed to the board after the sale.