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Strategies & Market Trends : AMAZON.COM RIDICULOUSLY OVERVALUED BY ANY MODEL (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: BelowTheCrowd who wrote (83)	5/1/1998 10:06:00 AM
From: Dow Jones Reporter	Read Replies (3) \| Respond to of 182

I am a reporter for Dow Jones News Wires. I am looking to interview investors with shares in Amazon.com. I am looking for people willing to discuss why they invested in the on-line retailer, rather than more established name like Barnes and Noble. Please contact me ASAP at 201-938-5670. Thanks, Johanna Bennett

To: BelowTheCrowd who wrote (83)	5/5/1998 1:58:00 PM
From: Candle stick	Respond to of 182

Moody's rates Amazon.com snr discount notes (Press release provided by Moody's Investors Service) NEW YORK, May 5 - Moody's Investors Service assigned a rating of Caa2 to the $275 million (net proceeds) senior discount notes due 2008 of Amazon.com, Inc. The rating outlook is stable. The rating reflects the uncertainties about the company's ability to achieve profitability in the near to medium term, and concerns about its very low gross margin as a result of its commitment to low prices, its high merchandise costs due to heavy reliance on sourcing from distributors, and its exclusive use of credit card sales. In addition, the rating recognizes a high level of fixed expenses due to the company's early stage of development, the high fixed cost of advertising 'real estate' on the World Wide Web, increasing competition both on and off the Internet from well-capitalized retailers, and the uncertainty of the return from future investments in capital, new products, or acquisitions. The rating also considers the benefits derived from the company's advantage as the first significant Internet-only retailer. These benefits include strong name recognition, its exclusive rights to attractive advertising 'real estate' on popular World Wide Web sites, and widespread coverage that the company receives in financial, trade and consumer circles. All of these benefits have led to explosive sales growth to over $150 million in annual revenues in less than two years. The company also has the potential to generate advertising revenues from its own Web site. Amazon.com will have extremely high financial leverage after the note issue, which will require significant growth in revenues and profitability to eventually service the debt. The company's ability to achieve these goals is tied to significant uncertainties, which include the growth of Internet commerce, competition from on-line and traditional retailers, taxation and other government regulation, and the company's ability to improve its operations, among other issues. Proceeds from the bond notes will be used to repay a $75 million term loan closed in December 1997, and to fund future operating losses and business development, which could include acquisitions. The notes are senior obligations of Amazon.com, Inc., and are subordinated to existing and potential obligations of current or future subsidiaries. The notes will not pay cash interest until 2003. Amazon.com, Inc., headquartered in Seattle, Washington, is a retailer of books and music exclusively over the Internet. The company had revenues of about $148 million in the year ended December 1997.

To: BelowTheCrowd who wrote (83)	5/11/1998 11:14:00 AM
From: Candle stick	Respond to of 182

biz.yahoo.com ....3 million titles, 10 million books in stock, immediate delivery, 42,000 album titles, movies and tons more than AMZN including downloadable audio clips to preview music purchases, chat rooms etc. Check out the Borders site at borders.com and read the above press release for a look at the very real competition that is eating away at AMZN,......oh, and by the way, you can buy BGP stock for about 1/20 th the valuation of AMZN stock, and they have PROFITS.................;^)

To: BelowTheCrowd who wrote (83)	5/14/1998 12:51:00 PM
From: Candle stick	Respond to of 182

Herb Greenberg, from "thestreet.com" on AMZN, in response to Cramer: Herb on TheStreet: Subway Series: Game One -- Cramer's Comments on Amazon and AOL. By Herb Greenberg Senior Columnist 5/14/98 9:27 AM ET Memo to J.J. Cramer: Loved Wednesday's "Is Amazon the Next Iomega" column. Great points on why you wouldn't short the stock, BUT ... is that the sound of backpedaling I hear? The only warning flag you didn't raise was the one about how competition could very well cause Amazon's (AMZN:Nasdaq) profit margins to get crunched in the face of rising competition. Oh, and maybe you oughta try reading your own site (I'm on thin ice here and I can already hear the arrows zinging past my ears as I write this, but you also wrote: "We know that software will be invented that will price out books and send you to the lowest price available on the Net"). Hey, Bud (I'd call you boss, but now that I've been hanging around the New York newsroom I realize that title rightfully belongs to TSC Editor Dave Kansas), the software you mentioned already exists. As this column has pointed out numerous times, and as you conceded in your column this ay-em, www.acses.com (when it's working) should be every Amazon.com-like company's worst nightmare. Amazon insists that its customers care less about price and more about the so-called Amazon "experience." And there's little denying it's the slickest and smoothest book site out there. But a few Amazon users have told me that after taking a trip down the Amazon to figure out which books to buy they simply click over to Acses or some other site to make the actual purchase at a lower price. .......the Acses site is acses.com .......the new Borders site is borders.com