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

To: Bill Harmond who wrote (118390)	2/22/2001 8:03:23 PM
From: schrodingers_cat	Respond to of 164684

>My stake in Amazon is small now compared to others. There's a reason for that.

To: Bill Harmond who wrote (118390)	2/22/2001 9:56:28 PM
From: Robert Rose	Read Replies (2) \| Respond to of 164684

<My stake in Amazon is small now compared to others. > So you sold some over time or??

To: Bill Harmond who wrote (118390)	2/22/2001 10:32:13 PM
From: GST	Respond to of 164684

Bill, you crack me up -- "the back-end will keep morphing" -- oh, its morphing all right. And of course we all agree that it can't fail, it will just keep "morphing". I love it. Morph on Bill. Morph till its all gone.

To: Bill Harmond who wrote (118390)	2/23/2001 10:21:17 PM
From: Glenn D. Rudolph	Respond to of 164684

I think Amazon will succeed. IMO, the front end is too valuable, and the back-end will keep morphing ala Toys R US deal. My stake in Amazon is small now compared to others. Bill, There is a time for you to publicly state I was accurate regarding the business model and the fundamentals of Amazon back in 1998. I admitted publicly you were correct about the stock price. One is permitted to be wrong. I have seen you write that. Last year at about this time, I told you Amazon would run out of money by the end of this year. At that time, you asked me how I reconcile that comment with Bezos guidance that Amazon will produce enough cash so as to no longer draw down on cash reserves. Bezos even went to far to state that Amazon would generate enough cash in fiscal 2000 to cover Capex. You statement in your post to me went something like this: How do you reconcile Bezos comment that Amazon will generate enough to cash to even cover Capex? My reply was I did not believe him. That was all I could say. I also in my typically lengthy way, went on to explain the rate of cash burn. I can be patient but it is already clear that Amazon will never have the profits you were expecting back in 1998. If you still believe Amazon will delive net operating margins of 10% on $100 billing in revenue than it is not time to state I was correct about the fundamentals. I would also like to comment on your morphing ala Tos R Us deal. That deal was completed in September of 2000. That is now six months ago. There has not been another deal like like it so this morphing is extremely slow especially since we are working in "internet time." My opinion is the Toys R Us deal will be terminated by this fall's selling season. Toys R Us is going to need a solvent partner and I expect them to be looking at fulfillment and content again themselves or finding some other firm with which to partner. I do not see what you see in the Amazon front end. Actually, express.com and pennys.com both have similar front ends. My opinion is Pennys.com is written better as a marketing site than that of Amazon now. I realize it took Penney a while but they have it correct now. Take a look at it sometime. Also, maybe this is anwered later in this thread but is your stake in Amazon reduced due to the reduction of the value in the stock price or do you now own fewer shares? Glenn