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

To: zebraspot who wrote (3686)	4/30/1998 5:34:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Yesterday, Wall Street decided that, America will buy more books than food. In the old days, when every housewife went to the grocery store to pick up , what they where going to eat , they now bring home books. Unlike the Safeways, Krogers and your local grocery store who were in a dilema, on how can we do this and make a profit? The internet was born, which said, 'just show me your sales'!! Today, Aol signed up, American # 269,069.069, increasing our population by 1. This makes 1929, smell like Tulips.

To: zebraspot who wrote (3686)	4/30/1998 2:38:00 PM
From: Tie Zeng	Read Replies (1) \| Respond to of 164684

>>Tough Competition. No barriers to entry. Lousy margins. Lousy R.O.E. Cyclical business. Slow growth. Unproven management. Concept stock.Tough Competition. No barriers to entry. Lousy margins. Lousy R.O.E. Cyclical business. Slow growth. Unproven management. Concept stock. They don't have much competition right now. It is true that there is no barrier to enter. But it is getting harder and harder for new comers as AMZN gets stronger and stronger. There is no barriers to build another AOL or YHOO too. See another one out there? Cyclical business ? I don't think so. Slow growth ? Book sales itself is slow growth. But grapping other bookstores' businesses could be a very fast growing business for a quite long time. I am not a long term bull. But AMZN does look charming from some angles. Wethere it worths the stock price is another story.