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

To: dmccoach who wrote (891)	11/30/1997 8:39:00 AM
From: John May	Respond to of 164684

Dan. Value Line estimated Internet bookselling at $10 billion in 2000 - that's the whole market. AMZN was founded by Jeff Bezos whose goal is to achieve $1billion in revenues by 2000. He may not make it, but so far he's on track. In other words his growth rate plus that of the net coupled with the size of the market, make his goal of a 10% market share achievable. Granted a lot can happen. BKS's problem is AMZN's success. In August or September, AMZN was the 29th most popular website on the www and the #1 most popular commercial website. BKS did not make the top 500 despite their much more highly visible location on aol. Visit the two sites and decide for yourself; others here have noticed a difference. The majority of people on this thread think AMZN is over valued, and I agree, though I still own it. I've lightened up, but I'll buy back in if it drops precipitiously, as so many predict it will. Sometimes I feel like a voice in the wilderness with my supporting comments, but the fundamentals of the business are very sound. The debate is that they don't support this lofty price. Good luck