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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Si_Detective who wrote (7159)	5/24/2001 8:35:44 PM
From: craig crawford	Respond to of 57684

EBAY is a very high margin niche business that was profitable very early on and well suited to the internet. That is why it has shined. Their stock is still not worth buying however. As for AMZN, he said they will survive. He didn't say they would thrive. Many companies survive after bankruptcy, or finally see the writing on the wall and sell out to someone else to avoid the embarrassment. I'm not sure who would want to buy AMZN and take on their debt however. It's all about the debt. If AMZN didn't have a lot of debt it would have a brand, and some patents, and that's worth something. Jeff Bezos' next challenge is to strip his company to the bone and make it as lean as possible so he can show some kind of 'profit'. Of course it won't actually be a true profit, the books will be monkeyed with just to make it look that way. If he can accomplish that in conjunction with Greenspam's money printing extravaganza, there might be just a small enough window for him to tap the equity markets for more money. Once he gets some more money in from the public he can go back to his regulary scheduled program of selling 1 dollar bills for 80 cents.