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

To: Bill Harmond who wrote (73980)	8/15/1999 11:48:00 PM
From: GST	Respond to of 164684

William <GST, the Dollar fell to 88 in 1995 during one of the strongest bull legs in history.> And INTC was trading at a multiple of 11 -- we have been over that. A major part of the move up in stock prices has been the expansion of multiples -- with the nets being the most obvious beneficiaries. The collapse of the multiples on the nets is what is at issue here -- and multiples on sales at that due to the absence of earnings. Your comparison is utterly meaningless except to point up the flaw in the analogy. If AMZN was trading at 5 bucks it would be at 1995 multiples.