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

To: Bill Harmond who wrote (87215)	12/12/1999 10:18:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

It's easy. Amazon has 6,000 employees and $1.54 billion in sales in 1999. That's $256,700 per employee. It is not so easy. Amazon has been hiring temporary seasonal help and would hire another today if one became available. The 6,000 employee number is meaningless. In addition, how many are full or part time? A far superior metric would be gross revenue divided by employee compensation. Stock options count as compensation of course.

To: Bill Harmond who wrote (87215)	12/12/1999 10:20:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

That's $256,700 per employee So? It doesn't matter where Amzn's price goes from here, during Jan-2000 earnings report, Amzn will lose more money and will say that it will have to lose more the next quarter, then during the April-2000 earnings report, Amzn will repeat the same message, then the stock will correct at least 60%. I am counting on it!

To: Bill Harmond who wrote (87215)	12/12/1999 10:37:00 PM
From: Eric Wells	Read Replies (4) \| Respond to of 164684

That's $256,700 per employee William - here are some stats for Wal*Mart and Barnes & Noble (BKS - the bricks & mortar one). Note that data for WMT and BKS is for trailing 12 months ending Oct., 1999. Also note that the $500 million loss for AMZN is a guess (just as the $1.5b revenue number is that you provided) - the actual AMZN loss may be higher. Company Employees Rev Rev/Emp Profit Profit/Emp AMZN 6000 $1.5b $256,000 -$500m -$83,000 BKS 15,200 $3.19b $209,868 +$131m +$8651 WMT 901,000 $156.2b $171,648 +$5.08b +$5582 My conclusion: yes, Amazon has more revenue per employee, but not much. Profit per employee though - well, it's a point to ponder. -Eric