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

To: Dwight E. Karlsen who wrote (8920)	7/5/1998 8:00:00 PM
From: hal jordan	Read Replies (1) \| Respond to of 164684

Dwight, I truly believe that one day AMZN will crash and burn. However, how far off that day is and how much AMZN goes up between now and then is a risk I cannot take. I think the way Internet stocks are soaring, we could easily see a 10 billion market cap here. Hal

To: Dwight E. Karlsen who wrote (8920)	7/5/1998 8:15:00 PM
From: Max Mach	Read Replies (2) \| Respond to of 164684

Dwight, I think that you are right that AMZN will trade at a reasonable multiple sooner or later, which means that (IMHO) it will drop like an anvil some day. Any opinions on what will trigger that drop? As you have said, nobody expects earnings to occur anytime soon, so an 'earnings disappointment' probably won't be it. Perhaps revenues not growing at the anticipated torrid rate, or operating expenses (they're employing 800+ people now) blossoming faster than expected by the analytical wunderkind who view AMZN's business model as the newest new paradigm.... Max