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

To: Eric Wells who wrote (106207)	7/16/2000 2:00:52 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>I would have much more faith in Mr. Bezos if he would publicly acknowledge the risks he is taking with investor's money, Eric, in all fairness to Bezos he has stated many times publicly there is risk associated with his stock. I can't quote him right now but it was something like his stock is not for investors who don't like to gamble. Btw Imhop Amzn will not run out of cash. Because of its national importance in a worst case senerio...we the tax payers will subsidize it...just like we do with Amtrack. Oh! I don't know if you remember but we the taxpayers also bailed out Chrysler. It was one of the best investments I ever made...before the bailout I bought Chrysler at 2.

To: Eric Wells who wrote (106207)	7/16/2000 2:02:31 PM
From: Killswitch	Read Replies (1) \| Respond to of 164684

Heh, yes believe me I too have little faith in the analysts. Mainly I was looking for something to say to back me up :-) But I will say that I think SSB is at least a little more credible than the more "well known" names you speak of. Also I can say that just recently I saw Bezos on CNN Moneyline (I've been in Germany for the past month, that's all you can find here), and he was quite cautionary towards investing in this stock. He certainly was not encouraging everyone to just jump in. I also think a lot of the stuff in the 10Q is just required legalese. As for the comparison to Wal-mart.. I agree, at this point Amazon is closer to a retailer than anything else and should be valued as such. As compared to Wal-mart's market cap, based on revenue Amazon is more expensive. But Amazon's revenues are far outgrowing Wal-mart's, and that is priced into the stock I guess. Also of course Amazon's customers are much bigger spenders than Wal-mart in general, and are likely to be willing to pay more for a given item, hopefully allowing Amazon better margins than WMT. This view though comes down to whether you believe most AMZN customers will stick with it even when it has higher prices than other web sources. I'm curious, if Amazon got into the distribution business by buying WBVN for instance, would that make them much more valuable in your view? They would have an exclusive last mile delivery solution. As far as I see, the more of these perks they can offer customers, the less those customers are going to consider shopping somewhere else.

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