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

To: Bill Harmond who wrote (30503)	12/19/1998 5:21:00 PM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

William, since they don't do anything to earn their commissions, why do you think that competitors will not sprout up like weeds? Well, of course they've only made about 3 million dollars so far, which is about the amount of profit an expensive apartment makes for a real estate agent in manhattan. Is that worth a market cap of billions? If they have 90% gross margins and STILL have miniscule revenues, and you take it as a FACT that competition will spring up, how can their revenues increase to justify their market cap? Meeker is being shown as a hero for the moment, but mark my words, it will end. Michael Miliken was the hero of Wall Street in the 80's too, if I recall correctly. ++++++++++ They don't do anything to earn their commissions. Well, Duh. Thats why eBay has 90% gross margins!