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

To: Robert Rose who wrote (110744)	10/18/2000 1:38:36 PM
From: Danny	Read Replies (2) \| Respond to of 164684

Rob, the reason YHOO comes down is not because of its high P/E, but rather, a shrinking online ad market. With much slower revenue growth in the next 2-3 quarters, people are bailing out as they see no incentive to stay in. Let's make a wishful thinking scenario: what if YHOO came out in cc saying that they saw no problem with the industry, and business will grow just like the past, do you still think YHOO would be 50 today? I think 120 is probably more likely. My point is that in order for eBAY to come down, high P/E alone is not enough. We need a slower revenue growth projection from eBAY. So far, consumer spending is the key to eBAY, IMHO. If consumer starts to tighen the pocket, boy, eBAY could get a 50% haircut easily.