Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: H James Morris who wrote (108814)	9/22/2000 2:59:57 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

``They're just saying they went to the meeting and didn't learn anything,'' said Chris Wiles, who manages $330 million at Rockhaven Asset Management in Pittsburgh. Wiles doesn't currently own Amazon shares. He and I agree there. I have no clue why they had the meeting. And while he said his company could average 50 percent cumulative annual sales growth over the next 15 years, neither Bezos nor other Amazon officials said when investors could expect that growth to yield a profit. Let's see. Amazon management is willing to say they believe that can achieve 50% CASG (Thanks to Bob I know that acronym now), but they do not know their gross margins today in Europe. They also do not know when they are going to be profitable but that is still a projection. Current gross margins is not a projection. I find it amazing the Street lets them gat away with that. They lost $2 billion since inception and losses will continue. They claim not to be able to give gross margins in Europe. Who is running the company and do they have their shareholder's best interests in mind? Maybe just the best interests of the insiders. I do not know. Glenn