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

To: saber hormi who wrote (2031)	3/9/1998 10:41:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 164684

saber, slightly overstated your case. Actually, MSPG is up "only" from about $9 in May '97. It's "only" trading at 70-something times 1998 estimates. Actually, I agree that it is overvalued, but how would you determine fair value? After all, it has earnings and that's unheard of for 'net stocks. Seriously, going from 9 to 60 is not a good reason to consider it overvalued. (It's the 30 to 60 run.) They actually have a business model that makes money and will make much more. AMZN, OTOH, has a model that loses money and will lose much more. Bob