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

To: jach who wrote (7888)	6/28/1998 3:11:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164687

- covered short at 100$, will probably have to dump at 20$ next yr - - yes, amazing amazon and hard to explain to see the appreciation rate during last 3 wks for a very deep discount book/cd seller that has no earnings yet and valued at close to 5B$. Good question, will anyone pay 10$ per share for a nation-wide penny/$$ discount chain store without profit yet, probably not- then why amzn, is it because of the web technology ? - jach, Amazon is starting to admit their "business model" (I believe they have none) is not working as anticipated. Expenses were not to go up commensurate with growing sales. However, retail is retail and they need more employees to fill orders which is not a fixed expense. Secondly, they have to dish out large sums of money to upgrade their web servers. The price of the stock has no bearing to the fundamentals of this company. I was thinking this may be the case for a few more years. I am now thinking the obvious fundamental problem will take over by 1999 and the analyst's will stop their hype this fall. Yahoo has an entirely different business model than AMZN. Glenn