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

To: Glenn D. Rudolph who wrote (25086)	11/8/1998 3:59:00 PM
From: llamaphlegm	Read Replies (1) \| Respond to of 164684

Drat. Foiled again by Glenn.

To: Glenn D. Rudolph who wrote (25086)	11/8/1998 4:13:00 PM
From: John O'Neill	Respond to of 164684

Any opinions on AMZN stock price Monday?? I wonder if the longs really digested BKS acquisition plan and it's implications for AMZN's current valuation?

To: Glenn D. Rudolph who wrote (25086)	11/8/1998 8:18:00 PM
From: Rob S.	Respond to of 164684

Nice. . . There are some very brilliant analysts out there. I like this - <Jonathan Cohen, first vice president and chief Internet strategist for Merrill Lynch & Co., is an Amazon skeptic. He says Amazon's current valuation in the stock market -- $6.2 billion based on Friday's closing price of $124.56 1/4 -- far exceeds its profit potential and will be difficult to sustain with Amazon's current retail repertoire. "We are very close to a major competitive push by some very much larger companies," Cohen adds. "My expectation is that when those players come online, we'll see redistribution of market share." > Only the naive ANAL, such as Lamie, thinks that Amazon will just cruise along while existing businesses watch and while other businesses fail to quickly come up to speed.