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

To: IMPRISTlNE who wrote (15219)	8/30/1998 8:36:00 PM
From: Randy Ellingson	Read Replies (2) \| Respond to of 164684

One argument I haven't seen, which is in favor of Amazon's future being healthy, is that as the internet becomes more popular, the most popular web sites will become even more popular as new users come to the internet. Sure there'll be competition, but the dominant lead Amazon has (I assume) in internet-branded name recognition is almost certain to grow stronger. So their primary danger is misguided management decisions. Bears, am I wrong, or is it an order of magnitude valuation problem you're claiming. Or let me ask it this way: If Amazon could garner 90% of the online music, books, and video (and I'm certainly not proposing this as a realistic scenario) within a year, but their gross margin remained the same as today, what's a fair value for the stock? Randy