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

To: Bill Harmond who wrote (134835)	11/16/2001 12:59:37 PM
From: Oeconomicus	Read Replies (3) \| Respond to of 164684

Yes, but it's still communications and information management. Improvement in these technologies does not mean those who sell it don't have to be able to sell it at a price and volume that provide a return on capital or that they should not be valued based on those expected returns. My beef (real food!) is not with whether these technologies are potentially valuable, but with the notion that they were of unlimited or immeasurable value, so a buy at any price. In the case of AMZN, I said years ago that it was nothing but a mail-order retailer using a new technology. If they can't figure out how to make money at the volumes they do now, there is something seriously wrong with their operating model, their management or both. Nothing "new" about those economics.