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

To: Victor Lazlo who wrote (73762)	8/13/1999 10:47:00 PM
From: Bilow	Read Replies (2) \| Respond to of 164684

Hi Victor Lazlo; I took a quick look, and EBAY lost money in 2Q99 in operations.... But since they went public, they now have a cash stash, and that earned about 4 times as much as they managed to lose. In any case, earnings before interest were negative. I like the lock that EBAY has on the auction business. Despite the occasional down day, my guess is that they will be able to keep that lock. The only advantage AMZN has is that EBAY users are subject to fraud, while AMZN vets its auctioners. I also doubt that the business is going to be anywhere near as large as would be predicted by the current stock price. -- Carl