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

To: Eric Wells who wrote (109321)	10/2/2000 10:50:22 AM
From: 10K a day	Read Replies (3) \| Respond to of 164684

I'm initiating coverage on this stock (audiohighway) because of it's extremely low float and the fact that i bought a boatload of it. I think it is a prime candidate to be horrifically manipulated and ran to the roof based on it's 4 million share float and 60 cent stock price. If the stars were in alightnment it could probably compete with an MPPP3 (quasi RNWK) as an anti-establishment play and a Screw the System Short Squeeze. (frankly it can't be any worse than some of the other crap the brokers have tried to push on me). If any of those investment objectives are in accordance with your long term plan. Please buy this stock as I have already loaded up. In addition, It has kind of a catchy name that i subliminally associate with riding a Harley. but please make your own investment decisions. ============================ AHWY offers a proprietary information and entertainment service that enables users to download and playback selected audio content of over 3,500 titles of news, audio books, music and other entertainment from the Internet. For the 6 months ended 6/30/00, revenues totaled $1.5M, up from $414K. Net loss totaled $8.8M, up from $4M. Revenues reflect higher e-commerce and advertising sales. Net loss reflects increased sales and marketing expenses. Sector: Technology Industry: Computer Services audiohighway.com 20300 Stevens Creek Blvd. Suite 100 Cupertino, CA 95014 Phone: (408) 861-4000 Fax: (408) 255-5591 Employees: 41 Officers: Nathan M. Schulhof, Pres./CEO, Grant Jasmin, Exec. VP/COO/VP-Fin./Secy., Gregory Sutyak, CFO. Sales (TTM): 3.14M Key Ratios and Statistics Price & Volume Valuation Ratios Recent Price $ 5/8 Price/Earnings (TTM) N/A 52 Week High $ 14.38 Price/Sales (TTM) 1.18 52 Week Low $ 0.53 Price/Book (MRQ) 0.82 Avg. Daily Volume (10-day) 36,000 Price/Cash Flow (TTM) N/A Beta 0.00 Share Related Items Per Share Data Mkt. Cap. $ 4.01 mil Earnings (TTM) $ -2.94 Shares Out 6.42 mil Sales (TTM) $ 0.53 Float 5.30 mil Book Value (MRQ) $ 2.12 Institutional Holdings % 0.69 Cash (MRQ) $ 2.29 Dividend Information Mgmt Effectiveness Yield % 0.00 Return on Equity (TTM) % -135.01 Annual Dividend $ 0.00 Return on Assets (TTM) % -116.25 Financial Strength Profitability Current Ratio (MRQ) 2.51 Profit Margin (TTM) % 0.00 LT Debt/Equity (MRQ) 0.03 Total Debt/Equity (MRQ) 0.07 TTM = Trailing Twelve Months MRQ = Most Recent Quarter

To: Eric Wells who wrote (109321)	10/2/2000 1:06:58 PM
From: Bill Harmond	Read Replies (4) \| Respond to of 164684

The problem with taking cues from the market is that it is manic-depressive. Right now it is entirely fashionable to hate any dot-com. I have absolutely no problem with Amazon. I have never wavered. I'm betting and believing that Amazon will be (also is) the retail interface of choice, and that Amazon's model is clearly superior to conventional retail. I have never been disappointed in their aspirations nor their execution (toy inventory writedowns were a pill, but they fixed that in style) and I'm impressed with their flexibility. Plus I'm about the only Amazon bull on this thread..how do you expect me to sound! Yahoo is huge, immensely profitable, has $1 billion or more in cash and can weather the dot-com advertising shakeout. No one here remembers the shakeout that occurred in television in 1970 when cigarette advertising was outlawed. It seemed horrible at the time, but selling broadcast stocks in 1970 based on that would have missed 80% of their move. Priceline has been dicey and I lost interest in it last year. The model is great, IMO. Ironically I think Priceline would do best in a recession. I was really disappointed that they didn't take Q&A during the preannouncement conference call. Silence sounds like execution issues. I spelled out those other names in my post to HJ not as bravado, but to counter his years at sniping at me about eloan, Priceline and whatever else. I don't deserve treatment like that. No one does. I'm a long-term holder now, so overextended is no longer strategically in my lexicon. I could counter that there are stocks that are overextended on the downside. As I've watched this new long-term strategy play out this year it amazes me how overall performance can be good because of diversification...even if entirely among high-beta new economy names. In late May with NASDAQ a couple hundred points below today I threw up my then-favorites list as a bet with Ike. We both created $260,000 portfolios. Look how some of the names have been hammered, but the return of that static list in 4 months of sideways market has been pretty good: siliconinvestor.com

To: Eric Wells who wrote (109321)	10/2/2000 2:01:37 PM
From: GST	Read Replies (1) \| Respond to of 164684

Eric: The banner for the new economy thread captures the depth and character of the approach of its creator -- the "new economy" in this view is synonymous with pure stock speculation and "diversifiation" is to be achieved by owning a "basket" of speculative stocks. In this view, the successful stock speculator is somebody who puts absolute belief in the "new economy", defined as stock speculation, above all else. This is close to a religious experience -- and those who openly question any aspect of this religion are branded (naysayers, asteroid paranoids, whatever). The new economy thread was an attempt to create a "perfect world" (ie, a moderated thread controlled by the high priest of speculation), from which disbelievers could be banished. The true test of a believer is to "buy the leaders" and never admit anything that casts any doubt in the minds of the "followers".

To: Eric Wells who wrote (109321)	10/2/2000 3:40:04 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 164684

. Are you saying you don't feel ARBA, BRCD or PHCM aren't just a little over-extended? Do you feel these stocks will continue to go up - and if so, on what basis - momentum or fundamental valuation? Let me interject a little even though this post was directed at William. Those that believe ARBA will rise from here (and there are many) do so on a fundamental basis. The rationale is that b2b is becoming a sort of internet-enabled ERP, where you can do all your business in the virtual space. Since some ERP companies (SAP for one) reached in excess of 50 billion prior to the internet expansion possibilities then it follows that ARBA could get there too - and beyond. That assumes you believe ARBA will take the space like Sap did once though. Personally I like a few other companies here better than arba but I do agree with William that either one or a cocktail of companies will get to about 100 billion plus or more in the next few years. It only took 3-4 yrs for ERP to reach the valuations that they did.