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

To: Marty who wrote (11231)	7/22/1998 10:18:00 PM
From: Mike M	Read Replies (1) \| Respond to of 164684

<<Who knows what the value of EDI and ecommerce software companies whose products enable other companies to operate at a tiny fraction of the cost of doing business with paper? I submit it is not EPS or current ratios or market cap. >> Great argument, Marty, but here is the problem....Any stock is only worth what folks will pay for it...that is why some have a PE of 8, some 800 and others have no E at all!....Tulips were worth something extraordinary once because they had perceived value...then one day they didn't .... I cannot say that AMZN will never make money but I can say that until they do, we are in the dark when trying to put a value to them.... I, for one, think that the value currently placed will prove way too rich...and my guess is that a correction will be sooner rather than later....As with so many other manic companies, if we do have a bout of remorse, the indigestion may take a very long time to get over...... Then, it will require more proof that their valuation is warranted.... Regards, Mike