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

To: Jay8088 who wrote (23841)	10/30/1998 9:11:00 AM
From: Kevin M. Reilly	Respond to of 164684

I agree with your sentiment if not the accusation of scam. I felt the quarterly report did not indicate a strengthening bottom line. Gross margins were lower than the previous quarter and if you looked at the gross margins on the increase in sales from last quarter they actually reached ~17%. This is a good indication that next quarter we will even see lower gross margins. The rate of revenue growth on an annualized basis has also decreased from 40% to 37% in the past quarter. All in all I don't see how Wall St. can remain so bullish on this company for the near term. Kevin M. Reilly