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

To: Sarmad Y. Hermiz who wrote (103724)	5/21/2000 7:26:00 PM
From: 10K a day	Read Replies (2) \| Respond to of 164684

Sarmad,,, Ok...With all due respect,,, it has a PE of 4,,,,Because it deserves a PE of 4? How do you value a Company,,,(dotCom) Growing Revenues at 50 Percent a Quarter? Growing Traffic at 20 Percent a Month? Growing Visitors at 1.1 Million a Month? A company,,,that could be profitable,,,At any time.... How do you value companies like that....a company,,,That looks like a Mirror image of Yahoo in 3rd quarter 97.... Ever risked your life savings,,,On a Growing Company like that? I look at companies like Valley Media...with 1300 employees...and 943 Million in sales...with a market cap of 34 million...and a price to sales of .04 And then i think about all of the employee benefits,,,and all of the cost structure,,,and the warehouse structure...and all of the overhead involved with that....and think.....why in the world do i want to buy that....Sure it's growing revenue by nearly a hundred million a year...but why do i want to buy something like that...with that kind of cost structure,,,and risk structure...The risk is all relative...I guess. :0)

To: Sarmad Y. Hermiz who wrote (103724)	5/21/2000 7:33:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

I would consider the current situation with the idiot stocks great fun, except that my value stocks that I bought at a P/E of 5, now have a P/E of 4. I have no sympathy for the new econnomy enthusiasts. They deserve nothing better that to go bankrupt and back to doing productive work instead of shilling for fantasy stocks. Sarmad, I don't know what to make of this. I work every day. I was short some of the new economy stocks whey there were going sky high. I am now long "some" new economy stocks. I do believe some have some real value. I took your comment personally<VBG> Glenn