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

To: Glenn D. Rudolph who wrote (7904)	6/28/1998 11:45:00 PM
From: jach	Respond to of 164687

again, who wants to pay 94.25$ for a share of amzn now ? if amzn is liquidated today will be about 2$ per share that each 94.25$ will get back --- BUT more than 5 mil shares did trade Friday - wild guess - 62.8% day traders, 35.6% short coverings, 1.5% naked longs buying and then 0.1% the long-term prudent investors

To: Glenn D. Rudolph who wrote (7904)	6/29/1998 12:13:00 AM
From: jach	Respond to of 164687

on review of last earnings -- Tuesday April 28, 8:10 am Eastern Time Amazon.com Inc Posts 1Q Loss $0.40 vs $0.16 Loss Quarter Ended March 31, 1998 1997 Net sales $87,375 $16,005 Cost of sales 68,054 12,484 Gross profit 19,321 3,521 Operating expenses: Marketing and sales 19,503 3,906 Product development 6,729 1,575 General and administrative 1,963 1,142 Total operating expenses 28,195 6,623 Loss from operations (8,874) (3,102) Interest income 1,640 64 Interest expense (2,025) -- Net loss $(9,259) $(3,038) Pro forma basic and diuted loss per share $(0.40) $(0.16) expenses keeping up in-sync with revenue and if this is a regular high-tech business the stock probably will be at about 0.75$. Now, with no profitable qtr to reference it's hard to see how much revenue needed to generate 2$ profit to give PE of 50. Therefore, by using deep discount 3% net margin, to get 2$ profit/per share revenue has to be - 2$x50 mil shares = 100 million $ profit Revenue then has to be around 10 Billion$ wait! what is the total sales figure of books in the US ?