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

To: fut_trade who wrote (1679)	2/25/1998 9:22:00 AM
From: Candle stick	Read Replies (1) \| Respond to of 164684

Peter, it was well known for weeks already, and was discussed on CNBC several times during the day yesterday. Anybody buying on that news is caught holding the bag........the sellers were out in force once the stock hit new highs, not a good sign, in my opinion.......good luck to you.....;^)

To: fut_trade who wrote (1679)	2/25/1998 9:27:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

Peter, the music biz was being discussed as the reason for yesterday's run up well before any Reuters story hit. In fact, this thread discussed it a couple weeks ago (something about hiring plans for that new part of AMZN; I think someone saw some job listings). That the market would take it up 3+ points on that "news" and then set it right back down where they found it seems rather comforting, taking the edge off the new intraday high anyway. My take on AMZN going into the music retailing biz is that it will push out the point where AMZN might be expected to actually make any money (if ever) and does not ad much beyond that point. Someone over on Roger's 1998 Short Picks quoted from a Jupiter Communications report (they are predicting a big future for online retailing in case anyone is not familiar with them, though I guess Amazonians would know that), projecting online music sales as follows: 1998 $81mm 1999 $174mm 2000 $354mm 2001 $670mm The poster also noted that analyst projections for NTKI are for $200mm in revenue for 1999 (115% market share?). Compare this market to books, which some here say will be a $10bn online market in 2000. Or was it 2001? No matter; it still dwarfs music sales. NTKI, BTW, had sales of $11.7mm in 1997 and lost $28.7mm. I hope AMZN is as "successful" at selling music as NTKI. With their brand, AMZN should be able to do $20mm in sales and lose $40mm on it this year. That should add at least $200mm to their market value, right? Regards, Bob