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

To: Glenn D. Rudolph who wrote (22879)	10/24/1998 7:44:00 PM
From: SilverAG	Read Replies (1) \| Respond to of 164685

That has got to be one of the most optimistic pieces I have ever read about the internet. The internet is everything, recession-proof, larger-than-life, earnings going sky-high. As financial analysis, I don't buy any of it. In fact, not much was made in the way of financial analysis. Just earnings & revenues, all going up, up and away! Yeah earnings have been beating estimates, but only because those estimates have been beaten down so much over the past year. If the report had any integrity, it would have hedged a bit and highlighted more of the risks involved. The analysts only mentions about the Wal-mart lawsuit in the AMZN section. Some highlights: <<Though we never take a lawsuit for granted (having learned our lesson in 1994 with Microsoft), we tend to take a glass half full approach to this suit, insofar as it reinforces our view that Amazon is changing the very face of retail (a concept we have spoken frequently about and we embody in the phrase that “online retailing is different”).>> What the hell does this mean? That we should all forget about the Walmart law suit because AMZN is changing the face of retail, changing the face of the world?? This kind of comment strikes me as having the same tone as that ridiculous piece of so-called analysis done by DLJ. Absolute blind optimism in the face of reality. The lawsuit is not to be taken lightly; it is real and will cost AMZN millions to defend. <<If companies as large as Wal-Mart and Bertelsmann are starting to understand the power of the Web and of tiny little Amazon, we can't believe the Street's understanding of the same won't become more clear soon.>> The analyst implies that Wall Street will soon wake up to AMZN's potential, because Wal-Mart & Bertelsmann have already done so. I agree that the Street should be on alert. Wal-Mart, Bertelsmann, and the big boys have indeed woken up to the challenge and are coming to town to steal AMZN market share.