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

To: John May who wrote (71230)	8/2/1999 12:27:00 PM
From: Bill Harmond	Respond to of 164684

IMO, a great post, John.

To: John May who wrote (71230)	8/2/1999 1:52:00 PM
From: TraderTerry	Respond to of 164684

"Study Finds Decline in Web Shopping" in this NY Times article. (You may need to register) www10.nytimes.com

To: John May who wrote (71230)	8/2/1999 3:46:00 PM
From: Steve Yuan	Read Replies (3) \| Respond to of 164684

John, I agree with you in that spending-per-existing-customer is not a good metric. I prefer the one used by Bilow, i.e., same category sales, as something equivalent to same store sales. Bezos has been playing revenue game by adding more categories, just like retailing chain increases sales by adding more stores. I think Bezos' game is coming closer to an end because he is running out his sell list. Recently Bezos has been stressing risk in various interviews. Maybe he is preparing for coming lawsuits. Steve

To: John May who wrote (71230)	8/3/1999 1:51:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164684

>>"Same-store-sales" comparison measures revenue per unit produced by fixed capacity (a retail store in a fixed location) year-to-year. "Existing-customer" comparison measures revenue per consumer produced by ever expanding capacity (the Internet store) year-to-year.<< Is that "Internet store" with or without the warehouses? Did you ever consider the fact that a place like Officemax has probably about as much $ worth of merchandise in the back warehouse as they do out on shelves? Maybe even more, when you consider that anything electronic has to be "pulled" from the warehouse, after you give the item ticket with the SKU # on it to the cashier. Amazon seems to be building an awful lot of warehouse space. And how about those employees at Amazon? Sure is a lot of 'em and the employee ranks are sure expanding upwards at a dramatic pace. Amazon is no "virtual" company with some kind of money machine hooked up to a few servers with pipelines into the WWW. Making real profits was never easy in a capitalist competitive environment, as Amazon is finding out. I noticed Amazon dropped below the magic $100. Now it's down what, 20% for the year? Or something close.