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

To: Bill Harmond who wrote (18593)	9/26/1998 11:46:00 PM
From: OtherChap	Read Replies (2) \| Respond to of 164684

My gut feeling is that Amazon will pre-announce an estimate warning sometime next week- everyone knows the numbers are going to be ugly- and they're trying to decide whether or not they can get away with not saying anything since all the analysts have publicly (but quietly) doubled their loss estimates for the quarter. I hold no position anymore, but it will be fun to watch this stock collapse.

To: Bill Harmond who wrote (18593)	9/27/1998 9:37:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Are you saying that Amazon is stretching numbers? That doesn't square with your observation that Bezos keeps warning. William, Absolutely not! I would say Amazon is on company that for sure does not stretch numbers. Covey was "streching" (maybe not the proper term here) stating they would be profitable if they would not promote as heavily. Amazon does not break down a lot of expenses so it is difficult to see the entire bottom line. My largest complain is the grouping of fulfillment with marketing. One thing Amazon does. They do warn and their warning is as explicit as possible. I admit to have grown to believe management is honest here. The area I dislike is the above grouping but these people are not trying to mislead the investing public. The excellent press releases and along with a very strange investing public, permits the public to mislead themselves. This is not an attack on your opinion of the company. There likely are as few that have studied the prospects as well as you. It is the thousands of others that know very little about the firm and throw their money into the stock just because it has gone up. I do want to say your conclusion about the future of the company is incorrect. Time will tell on that one <VBG> You have done due diligence and it is clear I respect your opinion. I one day want to be able to say I told you so. I have been unequivical about the prospects of the future of Amazon. I have never wavered from my belief. I just wish to be proven correct. I need about two more years so that I am unequivicaly proven correct. I believe my observation will be proven by the performance of Amazon by fiscal year 2000. Glenn