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

To: John May who wrote (10520)	7/15/1998 8:14:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Glenn, get a grip! The company is not corrupt. Bezos had nothing to do with creating this market cap. He hasn't bought or sold a share. He obviously knows one hell of a lot about retail, and his performance has been stellar. Your comments are nothing more than sour grapes. John, Sour grapes!!! Stellar performance??? Look at the fundamentals. Negative book value, increasing losses with no chance of survival. The company is not corrupt. Bezos had nothing to do with creating this market cap. He hasn't bought or sold a share The stock price. Covey announces that although they are losing money, if they stopped marketing they would be profitable. One then looks at the marketing expenses and says; I see her point. However, all costs of operations were placed in marketing so there is no way of knowing exactly what is the payroll compared to going towards advertising. Bezos is very good at hyping the smallest thing to get the stock price up. It annoys me to no end to hear a person like you state AMZN has a stellar performance. The truth of the matter is AMZN has lost all the IPO money and then some. They will continue to loose more. Competent retailers do often have a loss during the first few months and maybe even a year but not for 4-5 years. Keep in mind AMZN was online selling books prior to their IPO. They do not have it correct as of yet nor do they have the expertise to do so. As to get as grip, I was expressing an opinion and not insulting anyone. Where do you get off stating one does not have a grip whatever that means? If you feel you should have a lot of respect for Bezos, that is fine. I do not. The company really should be called Amazon.con although it is possible that Bezos did anticipate being profitable when he started. I am certain he is bright enough to know now that is impossible. You made the statement stellar performance. How are you measuring that? A successful company that turns a profit is stellar performance. MSFT, DELL, CPQ, ASND, CSCO are examples of stellar performance. Glenn

To: John May who wrote (10520)	7/15/1998 10:07:00 PM
From: BayPig	Read Replies (1) \| Respond to of 164684

> He obviously knows one hell of a lot about retail, and his performance has been stellar. Your comments are nothing more than sour grapes. What he knows a lot about is manipulating the investment public. If that is what you are talking about when you say "performance", then you are correct. However, if you think Amazon the company has stellar performance, I do not understand. All they have done is lost a stellar amount of money! They have not demonstrated that they can even come close to making a profit. Glenn's comments have a lot more substance than sour grapes. I too believe this is a scam. If this company wanted to make an honest go of this business, they would account for expenses in a straight forward and up front manner. They would not have their CFO promoting some new valuation model that ignores marketing expenses while at the same time putting every possible expense under that category. What they have cleverly created is a scheme to generate impressive revenue growth by spending other peoples money on lavish marketing while selling product at a loss. They have run out of their IPO money and will soon run out of their junk bond money. This is not a viable business that can be sustained. Time will prove Glenn, myself and others correct. BayPig