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

To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:18:00 PM
From: hal jordan	Read Replies (2) \| Respond to of 164684

>Out of idle curiosity, is there anyone on this thread that really believes AMZN deserves this valuation?< Glenn, I have been giving this some thought. This stock is absolute insanity at the present levels...however...none of us know what the Internet will evolve into in five years. So I am going to play devil's advocate for a moment. What if this sucker evolves into some kind of portal we can not even conceive of at the moment...what if they merge with YHOO or NSCP to take a huge leap in hits because they evolve into something other than books or music? Lots of what ifs... The point here is that we are in the birth pangs of a unique market, unique services, and unique functionality that may be offered in the future. AMZN could evolve itself into something different. Look at NSCP for an example...from browser to portal. In its present state AMZN looks completely insane from fundamentals. It is the unknown quantity of the Internet, e-commerce, and future evolution that is the key. I don't personally believe AMZN can pull a rabbit out of the hat. However, the rapid evolution of the Internet can make an Internet brand name in 1998 -- AMZN, YHOO, NSCP -- into a goliath in five years because the company morphed itself a new future. This is all sheer speculation. I have puts on this stock that will surely become utterly worthless. I'm trying to search for a reason other than pure Internet mania. This is the only reason I can think of that makes sense, and it sure has nothing to do with current fundamentals. Hal

To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:18:00 PM
From: H James Morris	Respond to of 164684

Glen, out of your curiosity! < NEW YORK, July 1 (Reuters) - Nasdaq stocks closed up again Wednesday, after federal officials left U.S. interest rates unchanged and as investors remained optimistic about efforts to boost Japan's struggled economy. The Nasdaq composite closed up 19.72, or 1.04 percent, at 1914.46. Advancers led decliners 2,229 to 2,129. Gains among Internet stocks led the way, with Netscape Communications Corp fueling the fervor by revealing that it is in discussions with major media companies to strengthen its Web site. Netscape <NSCP.O> was the second most widely traded issue as it rose 8-10/16 to 35-11/16. The possibility of more deals shot other Internet stocks to stunning new highs. Excite Inc <XCIT.O> topped a record close reached just a day earlier, Amazon.com Inc <AMZN.O> ran up 14-3/8 to 114-2/16 and Yahoo! Inc <YHOO.O> struck a new closing high of 169-7/8, up 12-3/8. Shares of Lycos Inc <LCOS.O> gained 6-5/8 to a closing high of 82. "They're all flying. It's pretty incredible," said one trader. On the losing end, Advanced Fibre Communications Inc and Medirisk Inc tumbled on profit warnings. Advanced Fibre <AFCI.O> sank 20-15/16 to 19-1/8, and Medirisk <MDMD.O> lost 13-15/16 to 6-5/16. 16:58 07-01-98

To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:28:00 PM
From: Roger Smith	Read Replies (1) \| Respond to of 164684

Hi Glenn, Amazon reminds me of PressTek. It literally doubled in a matter of months and then crashed by 90% in a span of six months or so. Same logic could be applied to AMZN but do not know where it will top out. What is so interesting it that today Applied Material has market cap of 6 bil with approx. 4 bil in revenue.

To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:35:00 PM
From: tonyt	Read Replies (1) \| Respond to of 164684

"fundamentals? we don need no stinkin fundamentals"

To: Glenn D. Rudolph who wrote (8355)	7/1/1998 8:38:00 PM
From: Mark Fowler	Read Replies (4) \| Respond to of 164684

ut of idle curiosity, is there anyone on this thread that really believes AMZN deserves this valuation? I am not talking about the momentum or short squeeze, etc. I am talking about valuation on fundamentals.<< Glenn, i don't think know one in this world has a grasp of the fundamentals of the internet stocks. The internet is world wide growth phenomena, growing 300 percent a yr. according to the latest gov. statistics. I believe it's the macro economic trend fueling this stock group. The leaders are so far Yhoo, Aol, and Amzn. Look at what the telecos' are doing. The At&t deal will move things in this industry faster. E-commerce will take off like a rocket from here on out.