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

To: Glenn D. Rudolph who wrote (18863)	9/28/1998 8:28:00 PM
From: Herring	Read Replies (3) \| Respond to of 164684

Re article 14 out of 200! If Amazon captures 40% of the $3B market that would mean roughly $1.1B in sales. If the market value of Amazon is $5B. Now if Amazon manages to squeeze out 10% profitmargin on the $1.1B in sales I would be very suprised. That would mean profit of $120M per year. That would mean that Amazon is trading at roughly 40X year 2002 profits. I would have to say that is pretty steep. And that was supposed to be a positive review? Am I missing something? I realize that they will branch out into other areas, and might be able to do double that. So what? I am still not willing to pay 1/4 of current pricing for LT investment I am crazy? Herring