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

To: TFF who wrote (3493)	4/27/1998 8:43:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Amazon.com said today that it is acquiring three Internet companies to help it expand into new markets. Separately, the online book giant announced a 2-for-1 stock split and reported $87.4 million in net income for the first quarter of 1998. Irby, Would you please correct this for the thread? Thank you Glenn

To: TFF who wrote (3493)	4/27/1998 9:11:00 PM
From: Jan Crawley	Read Replies (2) \| Respond to of 164684

Amazon.com announces three acquisitions Cash acquisition??!! If I were a current share holder(as well as a short-term trader); I would be extremely concerned if Amzn is not able to purchase these three entities with AMZN's own stocks!!! Why, because Amzn is cash poor and stock rich; that's if the stock price does not Drop. At Amzn's current share price, there are no strong hands in this stock. IMHO, only traders waiting/wanting to cash out and others looking for trading opportunities. In my opinion, Amzn and other internet stocks are wonderful walmart scale ideas; unfortunately, Amzn fast-forwarded its stock price for the next 3 to 6 years in the past three months. I am not interested at all to buy Amzn right now and looking forward to possible zero returns in the next 2 to 3 years. Best regards Jan

To: TFF who wrote (3493)	4/27/1998 9:17:00 PM
From: Mark Myword	Read Replies (3) \| Respond to of 164684

Now Irby , come on... you (or news.com) must know that the REVENUE number is 87.4 million , but they STILL LOST MONEY !! This is a money-losing website , that is now veering away from their core business , books , in search of a profit somewhere. To attempt to boost the stock , they split it !! What a sham !! This gets to be more of a joke with each passing day. Wake up , everybody - it's a website and a warehouse or two - that's all, folks ! It's probably not even worth $50 million , since it has never made a profit , and quite possibly never will. Their assets are...what ? A bunch of books ? That they sell to lose money ?? Maybe the market is valuing hype as an asset , 'cause there sure is a lot of that floating around AMZN. A 2 billion market cap is obscene.