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

To: Rob S. who wrote (12422)	8/3/1998 2:39:00 AM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

The leverage in the model is awesome. Hardly anyone knows who Amazon is at this point. They have only 3 million customers. That's nothing; there are some 60 million Internet users already. That's why they've decided on this spending spree. They know they have a chance to pick most of the low-hanging fruit before competition gets serious, and that leveraging these new customers will have a profound compounding effect on their revenues down the road. It's a smart decision. They know from their own business trends it's a smart decision. They know they can afford it, and that's why the stock is acting well in the face of growing quarterly loss estimates.