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

To: Rob S. who wrote (10056)	7/12/1998 12:08:00 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

They are showing increased losses with no prospects for profit for the next couple of years. Meanwhile, both richer and leaner & meaner competitors are adopting the same open strategies and tighter business practices to offer products at price levels that will leave Amazon.com bankrupt or at best a marginally profitable company at the time investors hope they will be seeing gravy. Rob, There seems to be a perception among the hyping analysts that Amazon will be profitable in the year 2001. However, none of the analysts supply projected sales figures, gross profits, expenses, etc. to calculate this supposed profit. The gentleman on NPR (I cannot recall the name at present) mentioned Amazon was not expected to turn a profit until the year 2000 or 2001 and then went on to say this was questionable. It is my opinion there is no question at all. Amazon will never turn a profit and I believe they never had intentions to turn a profit. This was a planned scam by venture capitalists to make a killing on the stock price and for the insiders to do the same. The company does not divulge any information that a typical long investor should have. The float is even kept secret. One cannot determine how much the costs of operations are compared to the costs of marketing. Three firms were acquired last quarter. Their revenues at that time were not disclosed nor was the price for each firm disclosed. No comment was made regarding these acquisitions as being accretive to earnings, etc. This company wants the investing public, long or short, to know nothing. This permits the hype to continue until the insiders have cashed in. That is all I can find in Amazon.con Glenn