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

To: cellhigh who wrote (1834)	3/2/1998 10:05:00 AM
From: Andrew Shih	Respond to of 164684

>>iom was a one product company for all intensive purposes,amzn is first to the party in a rapidly expanding forum.no doubt competition will be showing its face...<< Hmm, when IOM hit it's all-time high of ~27 (split-adjusted), everyone was thinking that it was the "first to the party in a rapidly expanding forum." While, now it is a company trading at a PE of ~20 with steady 20-30% growth prospects. The difference with IOM is that it sells a proprietary (standard now?) good, while AMZN sells a commodity. The positive thing for AMZN is its great brand equity. But the problem is that it's future competitors (B&N, Borders, Publishers?) also have great brand equity in selling the same commodity. -Andrew