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

To: Rob S. who wrote (25544)	11/10/1998 7:34:00 PM
From: OtherChap	Read Replies (3) \| Respond to of 164684

> Then the analysts can lift their targets ever higher. Every pyramid scheme has a top. Netscape had a top, Presstek had a top, and today was the internet top. Vinik has left the building.

To: Rob S. who wrote (25544)	11/10/1998 7:59:00 PM
From: Tradegod	Read Replies (1) \| Respond to of 164684

Couple of thoughts and questions: Walmart suit. Article quoted that the suit looked weak because it was filed over a year after the Key Employee left. My take is that the suit doesn't center around that key employee leaving but rather his actions toward recruiting a number of other Wal Mart techie employees to leave and join Amazon more recently. Barnes and Noble/Ingram deal. Let's see: AMZN pays 280 million for Junglee and planet all. Get's nothing but some technology and good will. (A lot of good will thanks to new SEC rules). BKS pays 600 million for Ingram books and gets a profitable business doing several billion in sales. (Take Amazon's sales times 60%(amount they purchase from Ingram), now divide that number by 3%(Amzn's market share). That comes to about 8 billion. Slice it in half for good measure and you see what Ingram represents. Not to mention the economies of scale and logistical advantages it brings. Barnes and Noble/Bertlesman deal. Bert and BKS figure the on line business is worth about 400 million. Give AMZN 3 times that for no good reason. Ok 5 times. 2 billion market cap = 40 dollar stock. When the stock market continues to ignore the competitive market realities, a rough fall will surely follow. For credibilities sake, I first shorted AMZN in May. Got out and have traded both long and short many times. Never have I seen the price to reality ratio so out of whack as it is now. In May there were no law suits, expontial year to year and quarter to quarter growth rates, ver y low float with very high short interest, no serious competition, and no August/September lessons on how stocks can go down. I am currently neutral the stock and like Glen would consider abandoning trying to short this one. That is usually when the most money can be made on the short side. The market has a way of knowing when it's too easy to make money and correcting that problem. During the late summer it was too easy on the short side. Now it's becoming the same on the long of these inets.

To: Rob S. who wrote (25544)	11/10/1998 8:25:00 PM
From: Mark Fowler	Read Replies (1) \| Respond to of 164684

Intel upgrade by BT Alex. Brown Mkt Perform » Strong Buy Intel sees doubling Celeron shipments in Q4 vs Q3 biz.yahoo.com Intel sees higher fourth-quarter sales cbs.marketwatch.com Rob i hope this is the start of new up cycle for techs?