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

To: Don Westermeyer who wrote (11572)	7/23/1998 5:06:00 PM
From: Rob S.	Respond to of 164684

From my first hand knowledge, Amazon.com is already being looked at by a large class action firm simply because there is so much money at play and the stock is going to come down regardless of what management does. Amazon has started to be much more realistic about their guidance on future prospects. One problem with growth type companies (or any for that matter) is that management's prime role is more often one of corporate salespeople and morale builders. They may have twenty meetings in which they need to put on their rah, rah caps and in which being realistic is only of secondary concern. Then they have a meeting once in a while with analysts, funds, or institutions in which they need to tone down the rhetoric. That shift in habit doesn't always come easy - maybe only after the stock goes ballistic on speculative promises.