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

To: HG who wrote (96586)	3/16/2000 7:21:00 AM
From: Bearded One	Respond to of 164684

Who says that bears don't want revolutionary change? We just want the market to reflect what's really going on. What's really going on is that Microsoft's earnings are growing at ~25% a year. A reasonable P/E ratio for it would thus be around 25. It's performance simply no longer justifies the amount of money available to it. It's frankly, a waste of money or misallocation of assets. The world would be much better off if Amazon never got another penny from the equity markets-- all those employees working hard building a company that's never going to make money--- this is good for the economy? The sooner Amazon goes bankrupt, the sooner their employees can get to work doing useful stuff. The longer it takes, the more people's money is going to be lost in the black hole of Amazon's sell-at-a-loss-make-it-up-in-volume business.