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

To: Olu Emuleomo who wrote (119600)	3/7/2001 1:14:30 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

I completely disagree! This sounds like whining about stock losses. I for one think that Amazon provides an incredible service. Why should they be bothered if mom and pop bookstores go out of business? Was DELL/AAPL/IBM bothered when WANG and typewriter businesses went out of business? Why be a luddite? You miss the point Olu. If Amazon had driven out of business the mom and pop stores with a valid business model, nobody would be sheading a tear from them here. What upsets many here is that the mom and pop stores might have been driven out of business by a non-starter business model. In other words, WANG went out of business because they failed to innovate, the mom and pop stores might have been driven out of business because they did not overhype a doomed-to-fail business model in Wall Street.

To: Olu Emuleomo who wrote (119600)	3/7/2001 3:49:47 PM
From: manalagi	Read Replies (1) \| Respond to of 164684

btw: nobody forces anyone to buy stock in any company. If you buy stock, you need to do your due diligence and dont go blaming the CEO for your losses unless he/she somehow commits fraud. In that case, the SEC will catch up to him/her in the long run (hopefully) I make money shorting Amazon, so stock price wise, I am OK. We are blaming Bezo for causing all that suffferings to fall on those mom and pop's store who lost because of Bezo tactic. Remember that everytime Amazon announced quarterly report: Profit is a dirty word. The more loss they had, the more euphoric Bezo became because he proudly announced an increase of market share, and people like blodget applauded his business model during the time when many people lost their job due to bezo selling a dollar bill for 90c. Is that fair competition. Don't talk about whining: when the facts are presented, it is a cop out to label such as "whining". Alomex wrote it much better than I in answering your post.

To: Olu Emuleomo who wrote (119600)	3/7/2001 4:55:59 PM
From: Glenn D. Rudolph	Respond to of 164684

I completely disagree! This sounds like whining about stock losses. I for one think that Amazon provides an incredible service. Why should they be bothered if mom and pop bookstores go out of business? Was DELL/AAPL/IBM bothered when WANG and typewriter businesses went out of business? Why be a luddite? Ever heard of creative destruction? Whining! You are kidding me. Amazon provides a loss of resources and will be a total waste within nine monts. Dasly, the independant business people will have put out of businesses due to a poorly run but well capitalized firm run by a person with no ethincs in my opinion. I have heard of creative distruction. Nothing has been created here. What does the stockprice of Amazon have to do with the way the business was poorly managed and the distruction done to the US economy? You really should think about this. Was DELL/AAPL/IBM bothered when WANG and typewriter businesses went out of business? Why be a luddite? DELL AAPL and IBM all have made money. They had a better product than WANG. Amazon has never made money only waisted it. They never will make money either. The better firms now out of business will never be back. It is a sad day for the US capital system. Olu, You should know better than to compare Amazon to DELL, APPL or IBM. What a joke! I give. Too much "crap" here. Glenn

To: Olu Emuleomo who wrote (119600)	3/7/2001 7:22:30 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

--Olu E. btw: nobody forces anyone to buy stock in any company. If you buy stock, you need to do your due diligence and dont go blaming the CEO for your losses unless he/she somehow commits fraud. In that case, the SEC will catch up to him/her in the long run (hopefully) Olu, Let's visit some of the Bezos comments during conference calls under the safe harbor act. During the conference call for the end of Q4 1999, Bezos stated that cash from operations would be suffcient to not only cover operations but to cover Capex too for all of 2000. Then Amazon went out and raised $640 million in junk bonds in Europe. After that, Amazon burned $1.2 billion in cash in 2000. I had no position in Amazon so it is irrelevant to me. What is relevant is did Bezos miss calculated cash needs by $1.2 billion or maybe stating they were not going to burn cash anymore to possibly help in raising the funds in Europe? If Bezos miss caculated cash needs by $1.2 billion in one year, I suspec one might be able to say his handle on the business is not good. If me made this comment about cash knowing it was not true, it may be fraud although protected under the Safe Harbor Statement. I am not not sure what the total waste of $3.4 billion (Amazon's losses since inception, has added to making this a better world. My opinion is $3.4 billion and counting is a lot of resources. Glenn