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

To: H James Morris who wrote (4380)	5/15/1998 10:23:00 PM
From: hal jordan	Read Replies (1) \| Respond to of 164684

HJM -- I'm not so sure of this: >The bad news, for Amzn is No1, I don't think that Beros, had any idea that close behind, there would be a technology, that even a simple minded Aol idiot, could click on, and find the cheapest book in America.< I think any smart businessman in the technology sector should have assumed that would happen. Nothing against the CEOs business plan, as he has obviously done great things for his company to date, but it is reasonable to believe the technology would be invented. After all, we have metacrawlers that receive the output of multiple search engines, such as the owner of SI. He should have assumed this would happen. Have a good weekend, Hal

To: H James Morris who wrote (4380)	5/16/1998 8:38:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Charlie, no disrespect, but please don't refer to Amzn as a junk store. First, the Ceo and founder had a wonderful idea, and business plan. He sold it, to some private placements, raised the capital, built, the under lying technology ( which in my opinion, was the hardest) and within a short time, grew this co, into a enterprise that anyone should respect. The bad news, for Amzn is No1, I don't think that Beros, had any idea that close behind, there would be a technology, that even a simple minded Aol idiot, could click on, and find the cheapest book in America. H, It is my opinion you are giving more credit than is due. The bots to finding the cheapest book is not the largest problem for AMZN. Undercapitalization and slim margins are. There was never a business model that was developed. No goal as to when profitability was to occur. This venture thus far has made Bezo wealthy but made no real money for the equity holders. Granted the market has priced equity into the shares but that comes at the expense of other investors. It does not comes from earnings from AMZN. It does not take a billiant person to start a company and lose money from day one. That is easy. It is far more difficult to make money. Something Bezos has not done. If one wishes to give Bezos credit, he deserves credit for his PR by selling the IPO to an investment house, selling it to sharehoulders and finally raising cash with junk bonds. None of the above is business accumen. It is strictly convincing the public his idea is good and will turn a profit. We now have Bezos making a good living off the loses of the investment community. Does this person deserve credit or would one perceive this as a "scam?" This is a personal ethics issue. I have not stated that this was Bezos' plan. Rather, it is how it is turning out. By the way, I could look it up but is it Bezos or Beros?<G> I fail to see the brilliance in this company. There is nothing high tech or new here. AMZN is simply a mail order store that placed its catalogue in the net. One can order without picking up the phone and dialing an 800 number. Mail order has been around and profitable for years. Where is the innovation? Glenn