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

To: Jesse who wrote (9917)	7/10/1998 12:27:00 PM
From: BayPig	Read Replies (1) \| Respond to of 164684

I think that you are closer to everyman. I have always maintained you cannot take the growth rate of the on-line book business over the last year and extrapolate that rate across the entire book industry. Why? Because a very high percentage of the books sold on line are technical and text books. These are expensive books, so paying the shipping costs on them is not such a significant portion of the total cost. However, to think that everyone is going to buy their paperbacks on-line is ridiculous. With shipping figured in, there is no cost benefit. I believe the growth rate of AMZN, while impressive from an initial percentage growth point of view, is totally misleading as a future indicator. They are selling the expensive books first, and their growth will have to be into the lower priced books which do not provide a compelling reason to be purchased on-line. BayPig >>> My first comments on AMZN are more of a of a reflection ... I went on the net 02/97 and have been on almost every day since ... I love to read and go to book stores so i went to AMZN page right away and tried to buy a book to see how it worked. I could not get the book i wanted so i went to Barnes & Noble site .. found book and got it two days later. Since then i have bought maybe 50-60 books.... all at the book store. I like knowing i can get it online but i always seem to end up walking the store looking. Am i the everyman? If so AMZN is over done. If i am the exception then it may still have a way to go....... any thoughts. >>>