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

To: fedhead who wrote (22799)	10/23/1998 7:47:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 164685

>If High PEs kept you out of a stock you would miss the Ciscos, the >Microfts as the great stocks have always been expensive. Bzzt, sorry that justification has already been used plenty of times to try and rationalize Amazon's price. For your information, Microsoft was a profitable company long before it ever went public, and it has NEVER sported a P/E anywhere near what Yahoo and Amazon command. If MSFT had the same P/E as Yahoo, it would currently be trading for around 27,000 dollars per share. Amazon even more so, since its kinda hard to calculate a P/E when they've never earned a dime. (except for insiders who are taking the money and running as fast as they can)