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: swimmygoof who wrote (112369)	12/4/2000 12:51:48 AM
From: Alomex	Read Replies (1) \| Respond to of 164684

Why do you keep saying this? Show me where the existing categories have declined on a year over year basis. Amazon figures show that this is the case at least for books and CD's. Read the SEC fillings with a toothcomb like Glenn does and you'll find the relevant figures... I agree with Glenn that growth seems to be tapering off substantially. Be very careful with this stock....

To: swimmygoof who wrote (112369)	12/4/2000 9:03:23 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Why do you keep saying this? Show me where the existing categories have declined on a year over year basis. Let's not spend anymore time on this due to the fact we are not going to resolve it. The numbers show the core book business is lower this year than last in the US. That is called declining. Books was their first business and is their first to decline. The balance will follow. Yes, Amazon is a retailer. A new-age retailer. A best-of-breed retailer. It's the global customer-centric retailing powerhouse of the next decade. They will grow into a $100 billion valuation by taking home $50 billion in sales in 2007. It should be a $20 billion+ company today. This is the last part where we differ. Amazon is a retailer. We agree. Amazon is far from a "best-of-breed" retailer. In fact, they are close to the poorest retailer I have seen except for RAD (Rite Aide). Their marketing costs are not in line per margin base. Inventory management is terrible. Cost controls do not exist and the most importantly, customer service, almost does not exist at all. Have a nice holiday and let's revisit this about a year from now. Glenn