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

To: GST who wrote (108759)	9/22/2000 8:38:46 AM
From: Sarmad Y. Hermiz	Respond to of 164684

>> You just got your butt kicked by oil Well it got kicked. Regardless of by whom. But regarding Intel, it went from a stable pre-split price of 80's to 150 on hype. And now it is just returning to where it belongs. Also, I can't think of any reason other than fool theory for Oracle to be higher than teens, or GE to be higher than 20. So I agree with you that over-hyped stocks are coming down. By now it is clear that any catalyst will do. Whether oil, euro, or interest rates.

To: GST who wrote (108759)	9/22/2000 9:51:46 AM
From: Glenn D. Rudolph	Respond to of 164684

From Lauren Levitan. At least she has the guts to call it as she sees it: "AMAZON: STILL WAITING FOR PROFIT, Q4 PIVOTAL The good news from Amazon's Analyst Day is that it finally appears the "grow at any cost" culture has been replaced by a heightened sense of accountability and responsibility. With its new mantra, MM (Make Money), SS (Single Store), GG (Go Global), CC (Current Customers), BB (Bold Bets), or MSGCB (Make Some Great Cash, Baby!), it appears the company has aligned its priorities with those of investors - namely, achieving profitability. That said, Amazon still has a lot to prove. The highlight of the event was getting a look at one of Amazon's behemoth distribution centers. If nothing else, the tour confirmed what we have been saying all along: Strong fulfillment capabilities are a competitive weapon and a critical element of a successful eCommerce business. In our view, the upcoming Q4 (particularly Amazon's ability to achieve fulfillment efficiency targets in that quarter) remains pivotal. And we are concerned that even if Amazon meets or exceeds expectations (not a slam dunk given the increased complexities of Amazon's business coupled with higher consumer expectations this year), investors could remain unsatisfied, since it could take at least another year to achieve positive earnings. In short, we believe Amazon's focus on making cash may be too little, too late in the near term, and we continue to have a hard time justifying its valuation in the absence of convincing evidence that profitability is approaching. "