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

To: Tom Markowski who wrote (76383)	9/3/1999 12:07:00 AM
From: Eric Wells	Read Replies (4) \| Respond to of 164684

>>Amazon Vice President Retires This is remarkable. How can an executive retire after only a year? Wright essentially made $7.5 million in advising Amazon on how to spend more money - was his one year contribution to the company really worth $7.5 million? And this $7.5 million is being subsidized by Amazon shareholders. >>"This is complicated stuff. It's challenging. >>It's all about execution." Not what I would expect to hear from a company to which so many investors have been so forgiving - and which so many investors expect to be the world's leading retailer at some point. Will investors be able to forgive operational inefficiency alongside mounting losses? I guess execution must be challenging when you have millionaire executives retiring. Personally, I feel AMZN should be hit hard for this. Wright's departure makes it look like Amazon insiders are milking the high stock price for all it's worth. But of course, in this market, I'm sure some analyst will find a positive spin. Thanks for posting the article. -Eric

To: Tom Markowski who wrote (76383)	9/3/1999 1:11:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>"Financially, we're fairly secure, though," Mr. Wright said. At this point, he said, extra stock-market gains would just mean "extra money in my children's trust funds."<, What!! This guy walks into Amzn, and less than a year walks out with $7.5mil? His childrens trust fund?? I'm going to short this scam big time. Trust me on that. If you see Amzn gap up tomorrow it will because of the short sharks climbing on. Could the institutions still own 70% of this scam?? Excuse me, I mean this Amzn business model. $1.4 bil in revenue, and nothing to show for it, except insider stock made $millionaires/$billionaires, and botton line losses!!

To: Tom Markowski who wrote (76383)	9/3/1999 1:53:00 AM
From: Bilow	Read Replies (3) \| Respond to of 164684

Hi Tom Markowski; You don't think that the Amazon vice president might have some options to unload in the next 30 days, do you? Man, if I were involved with a company that obviously was going to be worth trillions of dollars in a few years, I would certainly try to hang onto my job for another year. There is no way all his options could have vested already, and there is no way he could have options that are anything other than way, way, way in the money. The only conclusion possible is that he was forced out for failure to implement the warehouse strategy well. Cracks are forming. By the way, the best part of the Amazon story is the warehouses... I can just imagine. A warehouse where, in addition to being able to buy millions of different titles of books, you can also buy hundreds of thousands of different types of furniture, puppies, ice cream, automobiles, etc. Are they going to keep big piles of computer equipment in those warehouses in order to satisfy consumer demand for electronics? Does that mean that DELL is going to give up its build to order business, and start supplying AMZN with bulk product? Anyway, what a great story. -- Carl

To: Tom Markowski who wrote (76383)	9/3/1999 9:42:00 PM
From: Victor Lazlo	Respond to of 164684

<<Mr. Wright, in a phone interview from his Bentonville, Ark., home, said he had always regarded the Amazon assignment as relatively short term. >> No kidding. So do AMZN "investors". << Amazon officials acknowledged industry chatter that their rush to build and operate big distribution centers isn't playing out as smoothly as the Seattle company might have wanted. Asked to describe the status of Amazon's distribution centers, a company official said: "This is complicated stuff. It's challenging. It's all about execution." >> Really? I thought it was all about "market share" ! And building a "space for the online customer". WHere the hell does this "execution" stuff come from? AMZN is not about that!! Who cares about execution? They are about point, click and make $. Aren't they? Jeeez. Oh my head hurts. Victor