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

To: Glenn D. Rudolph who wrote (7007)	6/22/1998 8:24:00 AM
From: Henry Wolfond	Read Replies (3) \| Respond to of 164684

Alan Ableson's post script to his column this week follows his negative comments in last week's Barron's. I apologize if this has been posted already but here it is for those who haven't seen it: A P.S. to last week's little note on Amazon.com, with help from a kind reader who materialized on our doorstep late Friday. We neglected to point out that the company, which even its rabid fans acknowledge won't be profitable for at least a few years, has a market cap of $3.7 billion and is selling at 25 times sales. By contrast, Barnes & Noble, which is solidly in the black, has a market cap of $2.3 billion and is selling at 0.8 times sales. What makes those Amazon numbers even more wacky is that total U.S. demand for books was up a meager 2.2% in '97 and is negative so far this year.