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

To: Tom D who wrote (17578)	9/18/1998 11:43:00 PM
From: OtherChap	Respond to of 164684

> People are willing to loan AMZN money and to buy and hold their >stock because they think AMZN has enough connections to be a long->term survivor. Yes, they certainly bought and held all the way from 148 to 79.

To: Tom D who wrote (17578)	9/19/1998 12:18:00 AM
From: Skeeter Bug	Respond to of 164684

>>Some analyst was bashing BKS because they were choosing to compete in the low-margin online bookselling market....and an AMZN bear was mocking the analyst.<< tom, you are withholding a key fact. another person (otherchap?) and i were blasting the idiot out of the water for his neural disconnect of saying b&n was dumb for getting into a low margin business AND THAT AMZN WAS A BUY. you CAN'T have it both ways, imho. it is irrational. especially when b&n's margins are better than amzn's (i read this in forbes). the guy was a dolt and his arguement was putrid, imho.

To: Tom D who wrote (17578)	9/19/1998 12:37:00 AM
From: e. boolean	Read Replies (1) \| Respond to of 164684

I'm afraid I'm actually understanding your reasoning here! >>Eventually AMZN must generate profits. But before that will happen we will have several years of a war of attrition which will demoralize and/or destroy AMZN's competition.... Who wants to compete with AMZN? Why would they want to? AMZN is ruining the online book and music markets for everybody, and gobbling up market share in the process. This line of business stinks, and NZMA is going to hog it all to themselves! And then they'll reveal that it is actually insanely profitable, but by then everyone else will be too pooped or broke or demoralized (interesting concept) to participate. Makes some kind of sense -- except companies like Paul Allen's Reel.com is actually making money by selling used videos from their book and mortar Hollywood Video division. And companies like Bertelsmann and Time Warner are the producers of the goods they will be selling, so increased efficiency will mean fatter profits for them. Increased efficiency means death to those who are only middlemen like -- hmmmm, anyone we know? Do you really think Bezos' buddies will provide him with deeper pockets and more staying power than the above? e.b.

To: Tom D who wrote (17578)	9/19/1998 8:30:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Well, all I am doing is wondering if the bears are giving sufficient weight to the relationships. Eventually AMZN must generate profits. But before that will happen we will have several years of a war of attrition which will demoralize and/or destroy AMZN's competition. If it does not destroy AMZN first. Tom, I do not know what to say but welcome to thr thread again:-) Actually, money be raised bby AMZN is now becoming debt which at some point must be paid. BKS and BGP may lose money in the online business but their brick and mortar stores are profitable except for the worst seasonal quarter. There is too much emphasis on retail buying on the net. I believe it will turn out that the net will be an excellent venue for company to company selling but will never capture a significant share of the retail buying market. If I am incorrect there, Amazon must still gobble up a good portion of the market share. Lots of variables and I will watch it play out and participate too. Let's not talk about stock price because it has no correlation to known fundamentals. Let's look at fundamentals and how they have changed during the last 9 months for Amazon. Losses and projected losses have more than tripled. Debt went from $75 million to $500 million give or take. Marekting anf fulfillment as a percentage of sales is starting to increase again not decrease. I no longer can find an analyst with an earnings projection as far out as they go. This was not true in Jan 98. There were actually projections for a few cents a share profit in fiscal 99 or at worst, fiscal 2000. Deterioration is occuring. Dohn Doer (sp) and Klinen Perkins, etc are in this for the money. They are selling shares from time to time. I suspect they will not be willing to raise any money of their own to help Amazon. Just some thoughts. Glenn