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

To: Glenn D. Rudolph who wrote (10046)	7/11/1998 10:41:00 PM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

Gary & Glenn: To be fair, Benji did post that bullsh-t about not changing his "bu" rec but also suggesting taking profits by selling 50% of any amzn holdings, and 1/4 each of aol and yhoo. So he may talk out of both sides of his mouth, but he's not stupid. LP

To: Glenn D. Rudolph who wrote (10046)	7/11/1998 10:43:00 PM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Saw this on TMF. Has anyone posted this here already? If so, my apologies. LP P/S reverts to industry mean as sales increase and the company moves out of infancy (unless the rate of sales growth is increasing, which it isn't. It's decreasing rapidly). It's a fact. AMZN was rich when you bought it, it is much richer now even with a lower P/S ratio. You should be suprised that there was no deflation, not inflation is this number. This is what I'm refering to: .............. Sales.....Sales Growth Q2 96........2.2 mil Q3 96........4.2...........90% Q4 96........8.4..........100% Q1 97.......16.0..........90% Q2 97.......27.9..........74% Q3 97.......37.9..........36% Q4 97.......66.1..........74% Q1 98.......87.4..........32% Q2 98......103.5........18% expected from one analyst This is the decreasing growth rate I'm talking about. The Price/Sales ratio would be expected to decline significantly in this case, all else being equal. If the P/S stays the same, the stock is becoming more richly valued, fact.