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

To: Gary Korn who wrote (3852)	5/3/1998 3:36:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Gary, When you research; you really research! Thank you. Glenn

To: Gary Korn who wrote (3852)	5/3/1998 9:31:00 PM
From: Mark Myword	Read Replies (2) \| Respond to of 164684

Gary - here's a provocative piece from Bloomberg tonight - re: Amazon valuation- >> BN 5/3 Dreman Chairman Says Stocks Are Overvalued, Forbes Reports New York, May 3 (Bloomberg) -- David Dreman, chairman of Dreman Value Management of Red Bank, New Jersey, recommends investing only in stocks with values in line with estimated earnings rather than the inflated prices of some recent market leaders, Forbes magazine reported. Dreman says stocks are tremendously overvalued according to a standard earnings-discount model, which discounts all future earnings to the present time to determine a stock's value. For example, Amazon.com Inc. trades at 87, or 1,745 times 1999 earnings estimates, and with a 10 percent discount rate on future earnings, it has a present value of $3.46 a share, Dreman's model determines, the magazine reported. Amazon.com shares rose 16 percent Monday after the online bookseller said its loss was narrower than expected, it acquired three Internet companies and will split its stock 2-for-1. << Hmmm....$3.46 a share.......sounds about right.