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

To: H James Morris who wrote (23469)	10/28/1998 5:58:00 PM
From: Gary Walker	Read Replies (2) \| Respond to of 164684

Here's a scary quote if it's accurate: "But she (Chief Financial Officer Joy Covey) and Chief Executive Officer Jeff Bezos said in a conference call with three reporters that the company was less concerned with profits than with building a successful business." I thought the purpose of a business was to make a profit??? Hummm learn something everyday...

To: H James Morris who wrote (23469)	10/28/1998 5:59:00 PM
From: Jan Crawley	Read Replies (1) \| Respond to of 164684

Like I posted a few weeks ago. Mary Meeker called Covey at the beginning of the last Qtr and asked for a # that under no circumstances could they not beat. Covey gave Mary -.57c. Amzn today announces -.49c and Volpe ( Elephant) say's" these results are fantastic"! Scam, fraud, etc! This is a scam beyond all proportions. That's way I am not upset about OC's posts at all!! The analysts are paid to speculate Amzn's loss and changed their minds/numbers as they see fit; to benefit themselves and their clients. OC just feel free to say what's on his mind, on a daily basis!!

To: H James Morris who wrote (23469)	10/28/1998 6:26:00 PM
From: Rob S.	Read Replies (4) \| Respond to of 164684

My initial reaction to this quarter's results is "much better than expected". The degree of losses was in-line with or less than expected. They are now accounting for the acquisitions on a correct basis and that reflects in the greater GAP loss. Most impessive was the rate of growth of customers and sales. This upsets, at least for the time being, my thinking that sales momentum was lost. I expected to see only about 7% growth rate. Even taking out acquired sales contribution, sales increased at more than 25% over last quarter. Still, the competition has just geared up and the "step rate", (Joy Covey's way of putting it), increase in sales due to entry into music sales can not be expected this quarter. A big positive was the success of the introduction of music sales. Amazon's launch into music was very successful - racing past CDNow and others in the first full quarter of operations. Although it reached only $14 million in sales, that number is more than B & N's total sales last quarter. Bezos seems very respectful of the entry of Bertelsmann and venture with Barnes & Nobel. They are expected to be awsome competition in Europe. Bezos and Covey have warned that sales growth is unlikely to continue in future quarters. However, they say that the most urgent task is to assure that they can handle growth in fall/Christmas sales. Seasonally strong sales can be expected to drive the numbers higher this quarter. Although the loss per share seems threatening, the long-term success of the business model remains speculative, and the effects of competition has only started to be felt, the upset to the grand plan that many (including myself) expected this quarter has been fairly soundly refuted. Although the speculative fever and expectations have run high of late, my guess is that Amazon will head up a bit before profit taking steps in. The analysts have expressed their congratulations and are very enthusiastic. I expect the stock to rise toward

To: H James Morris who wrote (23469)	10/28/1998 6:34:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

The company said it gained 1.2 million new customer accounts during the quarter, bringing its total customer accounts to about 4.5 million. James, These analysts seem to leave out attrition. How many of the 4.5 million made a purchase in the last 9 months? Oh well... Glenn

To: H James Morris who wrote (23469)	10/28/1998 7:52:00 PM
From: Victor Lazlo	Respond to of 164684

James, $ 0.90 loss per diluted. Watch it drift way lower tomorrow. Victor

To: H James Morris who wrote (23469)	10/28/1998 9:08:00 PM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

hjm: from tmf ... btw, financial journalists are by and large about as intelligent as amzn bulls ... yesterday the dumb-asses on cnbc announce that ebay misses estimates at .02/share, then a half hour later says, oh well that included the non-cash charges, so they actually beat estimates at .05/share 00 yeah whatever ... today, the geniuses first report at 5:00 a loss of .90/share, then later parrot the company's party ... uh folks did they or did they not pay something for those companies ... if so, it's a charge and they lost .90/share ... and the currency they used will soon be diluting earnings ... lp hmmmm .... if we assume best case scenario for amzn's book sales -- that is 000 sales last quarter for music and 14.4 mm or so this quarter and the aforementioned subtraction is correct (it is) then we have q1 -q2 growth in book sales of 31.8% and q2-q3 growth in book sales of 19.8% does anyone see a trend here? still, the music sales are impressive (though in a much smaller potential market, and with a heavy competitor already established cdnow-ntki (which may soon be taken over by bert-bks) and with Tower's ceo announcing that they'll be online soon as well) ... it would seem that they'll need to keep expanding into different product lines and capture massive market share quickly which should be easy given all the free cash flow it has to put toward advertising ... any word on the video sales??? reel.com etc. may be real competition ... software sales .... etc. i don't think that i've ever posted a conspiracy theory type of post, and i'd like to think that this one does not qualify either, but if you were bezos and if you were the kleiner perkins crew and your stake in amzn was worth 10s -100s of millions of $$$, why wouldn't you just take a few million each quarter and crank up the company's sales -- nothing illegal and economically a perfectly rational thing to do ...