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

To: H James Morris who wrote (22807)	10/23/1998 8:38:00 PM
From: OtherChap	Read Replies (1) \| Respond to of 164685

>These stocks (YHOO, AMZN, INKT, AOL) have the potential to increase >revenues exponentially the next few years. When will people understand that revenues don't mean a thing if your business plan never had any intentions of turning a PROFIT? You know, the letter in front of the "E" in P/E? Here's something for you to ponder. I can start a website tomorrow, and with appropriate finanical backing grow revenues at an ASTOUNDING rate. You go to my website, click on a button, and buy a dollar bill from me for 90 cents. No shipping charges. Within 2 days, if I can afford the losses, I will have billions in revenue. I will have 100% revenue increases every 3 hours! My market cap should certainly be worth the GDP of planet earth in a few weeks. However, since this business plan is fundamentally flawed, it cannot sustain itself for long. In the short run (ie amazon's life span) you can stay out of bankruptcy, but not in the long term. Now, you ask, Why would anyone start a business like that if there is no realistic expectation of ever turning a profit? The answer, as hedge fund manager Jeff Bezos certainly knows, is to take your company public and become a billionaire by suckering in the public to buy a stake in your company. Wait a second... I was going to point out the differences between Amazon and a ponzi scheme... And now I realize that I can't find any!