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

To: KeepItSimple who wrote (70488)	7/29/1999 10:23:00 AM
From: Paul Merriwether	Respond to of 164684

>> MSFT has a PE of 63. Quite a bit steep, in my book. INTC is more reasonable, I agree. >> I might add that PE is a function of the growth rate. MSFT has maintained that PE ratio +- for 12 years now. People who have been looking at that PE ratio, have missed out bigtime... >> But when you say "MSFT, INTC etc." the problem is there arent really any "etc" companies to talk about! Throw in Cisco and you've got almost all of the profits of the nasdaq! >> aww c'mon. wall street looks for forward earnings and not trailing PEs. I grant you that amzn, lcos etc. is pure junk(they'll never make enough money to justify their price, and I _do_ mean never), but lets not discount the income potential of lots of great companies. DELL(expensive, but performs), QCOM,GMST&TVGIA(enormous potential and great earnings growth rates). LU, GTW, CPQ and for variety MO and GM on NYSE... btw: considering covering my amzn short @ a $2 profit(just to feel good about a first ever successful AMZN short :) ). intc lookin' good for a day like today!