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

To: Glenn D. Rudolph who wrote (7877)	6/28/1998 1:48:00 PM
From: Mike M	Read Replies (1) \| Respond to of 164687

<<AMZN has nothing going for it except its over valued market cap.>> I think short to intermediate term you are right...I don't know Bezos (sp?), so I don't want to guess what he may or may not do to posture the company long term, but, short term, I would not want to be in this stock.... Seems to me he will have to make some decisions for the long term which will have a deleterious effect short term....The bulls comments to the contrary, that will result in defection, which will in turn result in more stock supply....etc...There is no real argument for the stock to go up from here, in the short term, and I view it as foolishness for anyone to try to prop the stock up at these levels..... Just my opinion. Mike

To: Glenn D. Rudolph who wrote (7877)	6/28/1998 7:03:00 PM
From: Dwight E. Karlsen	Read Replies (2) \| Respond to of 164687

Glenn, according to something I read recently, out of Amazon's nearly 800 employees, "most" are engaged in order fullfillment, i.e. getting the orders in boxes, taping box shut, addressed, and out the door, etc. The truth of it probably is, that even though they charge ($2.50, $3.50?) roughly per avg order or whatever it is, this is still a very undesirable facet of this low-margin business. If they charge more than that (for S&H), people won't pay it. They'll simply pop into the book store the next time they drive near the bookstore, or combine a trip to the bookstore with something else. If shipping got too expensive, one could combine a trip to the bookstore with a dinner out, and feel you got the better deal than ordering online. Truth now: I've bought one book from Amazon, and that was because the book I wanted wasn't at B&N's brick and mortar store. A store which you simply pay and walk out with the book. No boxing, sealing, addressing, etc. Then another article mentioned the cost of web-site programming maintenance, computer costs, band-width charges, etc., and this stuff is not cheap. Sure, make it up in volume, but at how many dollars profit per customer? Meanwhile, even with nearly 800 employees, "most involved in order fullfillment", Amazon says in SEC filing Friday that it's resources are "under severe stress". Interesting "new world". Perhaps the internet isn't utopia after all.