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

To: Saul H Rosenthal who wrote (22718)	10/23/1998 9:51:00 AM
From: RFF	Read Replies (1) \| Respond to of 164685

Already 500,000 shares traded. Seems to be heavy activity this morning - and its up with the Dow down.............Think they'll try to keep pushing it up all the way through earnings? Bob

To: Saul H Rosenthal who wrote (22718)	10/23/1998 10:15:00 AM
From: Oeconomicus	Read Replies (1) \| Respond to of 164685

Ah, but WalMart does, in fact, sell books. No one disputes the fact that AMZN has shown incredible growth in revenues. What us bears do dispute, at least I do, is whether AMZN's business model will ever generate sufficient profits to justify a valuation at even a small fraction of the current valuation. OK, so they went from nothing to perhaps $500 million in revenues, but how many $500 million companies can you think of that are still a couple years away from their first profits (if they ever get there)? Do you think they will be able to raise prices whenever they decide that it's time to start showing a profit? Or, that they will reach some magical point where they no longer have to spend money on marketing? Do you really think that all the well financed competition that's targeting them now is just going to give up and say "OK Jeff, you win; and take our customers too." Yeah, that happens all the time - unprofitable, heavily indebted companies always win out because profitable, well capitalized competitors just give up.

To: Saul H Rosenthal who wrote (22718)	10/23/1998 11:01:00 AM
From: Glenn D. Rudolph	Respond to of 164685

That was a year and a couple of months ago when the last quarter's revenues were 16 Million. Now the last quarter's revenues were 116 million. I never made a statement about a few months ago in any way. If Walmart is worried about them maybe you should be too. Walmart doesnt even sell books. Wrong again. Walmart does sell books and they are not worried about AMZN. Do your homework. Amazon only has 1-2% of the book market. It has a long, long, way to grow. Not counting music, videos, and who knows what else, from wine to software. Absolutely, AMZN is a "sure" winner. Buy a lot. Opinions are nice. We all have them. Research is better to go along with the opinion. Try doing some instead of showing up here with statements with no facts to back them up. I do not mind a good debate. In fact, if I have the time, I enjoy them. I do dislike ignorance in posts. Please do some homework and come back later. Glenn