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

To: John May who wrote (3897)	5/4/1998 12:01:00 PM
From: Mark Myword	Respond to of 164684

>> In Bezos letter to shareholders he made it clear, his first priority is market share.<< John - of course he would say his first priority is market share - what else does he have to talk about ? With actual profits being only a distant dream, and with the "investment" community paying absurd prices for the hype/growth/hope scenario , that's what my priority would be , too! This guy is not a fool...I wish I could say that for those who pay $94 a share for internet dreams...money must not mean much to some people. On the subject of "brand" , I think Amazon did well to get so much exposure so quickly , but I see that as more of a fad that will pass rather easily , once the web market is crowded with 1,001 name players all offering specials, promoting their sites through other media , etc. Amazon's days as the early bird with no competition are behind it now , and they never came close to making any money then. In fact , the losses just grow and grow. Finally , while it is true that BKS would rather sell you a book in their store at full price , rather than at their website for - 30% , they will be very aggressive in competing for sales with AMZN , because losing the sale altogether will be the worst outcome for BKS. I don't see this being a profitable business for any of the book retailers.