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

To: Skeeter Bug who wrote (72742)	8/9/1999 8:38:00 AM
From: Glenn D. Rudolph	Respond to of 164684

>>We seem to agree except on a step back for business. I believe short term (the next five years) we will see very few commodity retailers.<< you mean like the 150 book sellers we have already? ;-) Skeeter, That is exactly what I mean. >>Long term we should see a weeding out of the inadequate retailers and have retailers offering better price and service combined.<< agreed. but the nets compete w/ bricks and mortar. if their prices aren't seriously discounted to bricks and mortar, regardless of their costs, they will have difficulty. also, keep in mind the hype factor. everyone is getting on the net. literally everyone. I have this in the past. The net offerings have to be higher than those of the brick and mortar offerings due to the convenience factor. This will play out in time. >>These retailers will still be able to turn a profit although a lower percentage profit due to the fewer efficient retailers in the same space. This is in a way a continuation of the weeding out of independants that has been going on for the last decade but the net will speed this process up.<< i have no problem with net profits. i think some will be profitable. making $1,000,000,000 in profits for amzn isn't going to happen. not now nor ever. and that is what this stock is priced for. As you know, I am not a raging bull here. I would not rule out more than $1 billion per year in profits for Amazon depending upon how many product lines they enter. This is not short term either. Glenn