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

To: H James Morris who wrote (102897)	5/7/2000 1:14:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Glenn, then your projections must be wrong. You don't think that the 12 most respected Wall Street analysts could be wrong? Glenn, these guys have 25 MBA's crunching #'s on super computers, while you and are counting on our fingers.<vbg> James, You are 100% correct. The analysts have been wrong ever since they started coverage of Amazon LOL. Note the operating model was to be virtually inventory free and Amazon could pay for their products long after they had the customer's money. End of Q1 2000: Gross sales $574 million Inventory $173 million Excluding mark-downs which there will be pleanty of due to toys and electronics in Q4 of 2000 what is the inventory turn?? <VBG> This story is getting far out and the analysts are really really reaching now. When was the last time you heard about how great this model is due to no need to carry inventory and having cash up front?

To: H James Morris who wrote (102897)	5/7/2000 3:02:00 PM
From: GST	Respond to of 164684

HJ <Glenn, these guys have 25 MBA's crunching #'s on super computers, while you and are counting on our fingers> A smart guy (like Glenn) with ten fingers is worth more than 25 over-paid Mary Meeker syncophants any day.

To: H James Morris who wrote (102897)	5/7/2000 3:06:00 PM
From: Bob Kim	Read Replies (1) \| Respond to of 164684

these guys have 25 MBA's crunching #'s on super computers, while you and are counting on our fingers.<vbg> HJ, A few years ago, Fidelity required the sell-side to electronically submit analysts' earnings models. That caused some distress at ML. There was resistance from those who didn't want to give up proprietary formulas (an unfounded fear as it turned out), but also from those who basically had no models. In the latter category were a couple of the better known tech analysts. BTW, what did you think of Wall Street's handling of BOST?