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

To: Francis Gaskins who wrote (1193)1/15/1998 10:27:00 PM
From: Candle stick  Read Replies (1) | Respond to of 164684
 
Too bad for AMZN I guess....those are sales they will lose.....



To: Francis Gaskins who wrote (1193)1/15/1998 10:31:00 PM
From: Candle stick  Respond to of 164684
 
BarnesandNoble.com, a subsidiary of Barnes & Noble, Inc. (NYSE: BKS - news), today announced that sales for the nine-week holiday season, ending January 3, 1998, were $5.6 million.

Thats it!? 5.6 million in sales for the busiest part of the book selling season? And they have been operational for a year already? I don't see how AMZN shareholders are expecting such blowout numbers when a tried and true company with a virtually identical product did so poorly............



To: Francis Gaskins who wrote (1193)1/15/1998 10:35:00 PM
From: Candle stick  Respond to of 164684
 
I mean at the close of business today AMZN had a market cap of nearly 1.8 billion dollars!? With sales at BKS for the holiday season on the 'net of just over 5 million, how can anyone in their right mind support this kind of valuation? I think this runup has been related to options expiration tomorrow, and I expect the bubble will burst soon thereafter..........;^)


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