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

To: hueyone who wrote (158939)	8/3/2003 12:53:46 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 164684

yeah but AMZN is an electronics retailer and they are earlier along in their business cycle than those guys. Electronics is lower margin than almost anybody. Dell for example had around 15% gross margins (in a GOOD quarter) in the early 90s if I recall. Not at the very beginning when they were really nichey, but in the same growth phase that amzn is in now with around 1 billion per quarter in sales. Edgar only goes back this far- edgar-online.com Its amazing the similarity between amzn and dell, imho in terms of market sentiment. In 93/94 all you heard was that Dell would be gone to asian mfgs, or the fact that they had share didn't matter, there was no profit in their business. But what the market didn't get is that Dell didn't have the expansion costs that HD and Walmart had, and that their GMs could expand rapidly if growth really took off, which of course happened. I think the same will happen to amzn so their GMs will increase when they get into their next hypergrowth period. Maybe at the 3 billion/qtr mark.