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

To: H James Morris who wrote (15248)	8/30/1998 9:07:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Why are you so concerned about Amzn's stock price, when the poor Russians are starving? That's a load of cynical crap. You just said you had a fun weekend.

To: H James Morris who wrote (15248)	8/30/1998 9:43:00 PM
From: IMPRISTlNE	Respond to of 164684

Why are you so concerned about Amzn's stock price, when the poor Russians are starving? Oh..OK...why are you concerned about my Accounting comprehension...when the Russians are starving...

To: H James Morris who wrote (15248)	8/30/1998 10:54:00 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164684

"Let me ask you this? If you had the opportunity to sell Books, Cd's, any commodities to Asia,Latin America,Russia,or Mexico @ no profit! Wouldn't you rather sell them groceries @ a small profit? Why are you so concerned about Amzn's stock price, when the poor Russians are starving?" Isn't their gross profit actually still in the black? Please tell me if I'm wrong, because I'm just learning this stuff: Quarter Ended June 30 Six Months Ended June 30 1998 1997 1998 1997 (Unaudited) (Unaudited) Net sales $115,977 $27,855 $203,352 $43,860 Cost of sales 89,786 22,633 157,840 35,117 Gross profit 26,191 5,222 45,512 8,743 This is the definition of Gross Profit Margin from Yahoo's glossary: "Gross profit margin Gross profit divided by sales, which is equal to each sales dollar left over after paying for the cost of goods sold." Looks right to say that if they can even keep their gross margins flat from here, they have room for substantial profit. It's interesting that when I bring up amazon.com as an option for people shopping for books and CD's, they've very frequently already heard of the place. IMHO, only the substantially price-sensitive will hesitate to shop there. ShopBots could change the price-sensitivity, but only if shipping becomes negligible for the person, so their choice is clear. Randy