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


To: Andeveron who wrote (7469)6/24/1998 6:06:00 PM
From: yard_man  Read Replies (1) | Respond to of 164684
 
What have you been smokin', son?



To: Andeveron who wrote (7469)6/24/1998 7:22:00 PM
From: Paul Merriwether  Respond to of 164684
 
<<

How many more days like this before Bezos replaces Gates as the richest man in
the world
>>

Assuming Bezos' net worth = $400M(?) and Bill Gates N.W = 50B(?)
and the fact that today the stock appreciated 7.069%( from yahoo) and msft
appreciated 4.16% and
assuming that the wealth of both these people is only a function of
their stocks gives us

400*(1.0769)^(num_days) = 50000 * (1.0416)^num_days
(1.0769^num_days)/(1.0416^num_days)=125
Taking logs and doing some crazy stuff my windows calc gives me
144.87(not responsible for operator errors and round off errors etc.)
<g>
At the present rate it shall take 145 days for Bezos to overtake
Bill Gates. ;)



To: Andeveron who wrote (7469)6/25/1998 12:40:00 AM
From: Gary Korn  Respond to of 164684
 
How many more days like this before Bezos replaces Gates as the richest man in the world?

Andeveron,

Bezos was worth about $1B with the stock less than 50. Now he is worth about $2B.

Gates is worth about $51B. So, $51B divided by $2B = 25.5 (Gates is just 25.5 times richer than Bezos). So, 25.5 times current AMZN share price of 100 = $2,550/share.

I don't think any bull on this thread sees $2,550/share any time soon, but I could be mistaken.

Gary Korn