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

To: Glenn D. Rudolph who wrote (87628)	12/15/1999 8:05:00 PM
From: KeepItSimple	Respond to of 164687

>Chances are Amazon eats the loss and it falls under some expense we > do not hear about. Just as it was finally revealed that Amazon paid for all of its book inventory with AMZN shares in the first 3 years, I except they probably pay for the credit card fraud by issuing more shares to VISA/MCARD/AMEX. You gotta give em one thing, Amazon is a "public" company in the truest sense of the word. They'll never make a profit, but nobody cares- the public subsidizes their ability to sell product below cost by purchasing amazon shares on the open market. How this relates to being anything that could even remotely be considered a real business is beyond me, though. But it certainly makes a lot of people very rich. To date, it has produced insider sales at a zero cost basis that would have required microsoft-like earnings for 5 years to be 100% distributed to AMZN execs. Simply astounding

To: Glenn D. Rudolph who wrote (87628)	12/16/1999 5:58:00 PM
From: brad greene	Read Replies (1) \| Respond to of 164687

Credit Card Fraud Glen, That being the case....then this article is about as frightening as could be. zdnet.com Estimates of $8 billion in losses due to credit card fraud next year?....$15 billion in 2003?.... Holy Moly!....That is billions....with a "b".......And total internet E-Tail spending this year is what?...$20 billion? Jeeesh...AMZN's margins are razor thin to begin with......and "bricks and clicks" competition for next year is showing up almost daily.....Walmart, K-Mart.....and so on. The credit card industry can't eat an on-line fraud rate that is 15x that of off-line......and internet companies can't eat it..... and ever expect to turn a profit. Trouble ahead......special internet purchase fee......or 40% interest rates on credit cards.......Yikes!. bg