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

To: Tie Zeng who wrote (23624)	10/29/1998 2:24:00 AM
From: e. boolean	Read Replies (1) \| Respond to of 164684

Tie - Which growth rate are you assuming? Management has warned repeatedly that the early growth rate was not sustainable. Revenues from core American book sales were up just 13.5% quarter over quarter, down from 33% sequential growth the prior quarter. The 13.5% was in line with analysts expectations and management warnings. With such a rate of deceleration, tripling revenue in 5 years would be a real achievement. It's true they're making up for the deceleration in the American book sales by expanding into other markets and products, but those increases in sales come at the expense of dilution from issuing more stock. e.b.

To: Tie Zeng who wrote (23624)	10/29/1998 8:44:00 AM
From: Glenn D. Rudolph	Respond to of 164684

I may miss something here. By the current growth rate, next year they will already have 4 times the revenue it has today. Why it needs 5 years ? Revenue growth is slowing and slowing dramtically. Glenn, I remember you calculated how much debts AMZN would accumulate a couple of months ago. The next day AOL showed you how those debts could be wiped out overnight. As long as AMZN maintains the momentum, the stock will keep strong and those debts are no big deal. AOL is not AMZN. I am getting tired of this analogy. Glenn