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

To: Gary Korn who wrote (3962)	5/5/1998 1:12:00 PM
From: ping quin	Read Replies (1) \| Respond to of 164684

From $88 M in 1997 to $6.6 B in 2002, a CAGR of 239% I was considering Amazon.com last July (trading at $20), and did not make a move...What do you think of internet grocery market and Peapod (PPOD)? Internet groceries is about to become one of the hottest and fastest growing e-commerce areas. According to Jubiter Communications, a well known research company in NY, online grocery sales are expected to grow from $85 million in 1997 to $6.6 billion by 2002, with a compounded annual growth rate of 239%. Peapod (Nasdaq: PPOD)is the undisputed market leader with over 60% of market share in 1997. Assume conservatively its market share reduces to 10% by 2002, Peapod will still have revenue of $660 million. Currently most of the e-commerce companies are valued for over 6 x their 1997 revenue, and even with 2x its assumed 2002 revenue, Peapod will be valued for $1.3 billion in 2002, which is 10 x its current market cap. Dislaimer: This is not a suggestion to buy PPOD.