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

To: David Lee who wrote (29461)	12/10/1998 1:25:00 AM
From: H James Morris	Respond to of 164684

DL,< If push comes to shove, and investors start to demand profit (a la NSCP 1997) AMZN will be able to deliver.> I'm kind of long. Unless Bezos can get merchants and customers to pay him some money. He can't. Deliver, that is. Trust me on that.

To: David Lee who wrote (29461)	12/10/1998 9:23:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Bezos is a former finance guy -- he knows how to drive a stock and he will. Also, of all of the super-inflated internet stocks, AMZN is one of the few with a leg to stand on. If push comes to shove, and investors start to demand profit (a la NSCP 1997) AMZN will be able to deliver. What I'm basing this on is the fact that AMZN (unlike YHOO, TGLB, or any of that other crap) gets its revenue from actual sales. (as opposed to ad revenue, which is steadily decreasing) Also, they have a calculatable book value, so you don't need to valuate them on "discrete page views" or something silly like that. David, I know this has no correlation to the stock price but AMZN has a negative tangible book value. AMZN does get revenus from actual sales but they must pay for the merchandise. I seriously doubt AMZN can turn a profit. Glenn