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

To: GST who wrote (105226)	6/22/2000 6:29:00 PM
From: Randy Ellingson	Read Replies (3) \| Respond to of 164684

Two years from now, AMZN will be someplace between zero and where it is now. It does not have great potential. It is vastly over-valued. You paint a more grim picture than I would. With somewhere north of 10M customers with credit cards handy, they may just find a way to improve margins beyond where you'd expect them to be. With the increasing momentum of buyers coming online, Amazon's still got room to surprise on the side of profits. It may very well take them three years instead of one, so they could still become that $500B (but not in two years) company and yet have their stock price be lower two years from now. I'm keeping them for now, though my annualized return is now below 40%. Doh! Randy

To: GST who wrote (105226)	6/22/2000 8:03:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

AMZN will be someplace between zero and where it is now. It does not have great potential. It is vastly over-valued. GST, I believe you are correct. AMZN needs to exit the fulfillment facilities they leased but most leases are for 10 years or more. Amazon needs to put in place brick and mortar outlets so they will have multiple channel selling. This takes a lot of capital. Amazon's name is now well known so if they did open some brick and mortar outlets, they likely would get a fair amount of traffic. They would only need them is the larger cities and not too many.