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

To: Tom D who wrote (33199)	1/7/1999 12:08:00 PM
From: John Donahoe	Read Replies (2) \| Respond to of 164684

re: But it is this future version, this dream, that we cannot see, because we are not on the inside, that is being bought into heavily by institutional investors. And how do you value a dream? The longs place a high value on it and the shorts don't believe in it. The shorts may be right in the long run. The dream may never come to pass. But in the long run the shorts may be dead.

To: Tom D who wrote (33199)	1/7/1999 12:38:00 PM
From: Rob S.	Read Replies (2) \| Respond to of 164684

Tom the fact is that they are increasing sales according to their business plan - they are broadening out sales into other commodity sales. What difference does it make that it is not books? If anything, the fact that they have successfully translated book sales into becoming a leader in music, ($14 million last quarter - arguably making them #1 in that category), and that they have now plundered additional categories for Christmas sales points out the strength they have developed in their "Brand Name". Give credit where it is due. I guess you may argue that Barnes & Noble is growing faster because they remain focused primarily on book sales, but numbers are numbers: who gives a flip if they are selling books or Beenie Babies? I think investors should look at what is driving this stock and whether the growth factors are gaining or waining. That will be what determines this stock's price until some latter date when the focus shifts to the other traditional measures of value - like sustained earnings. Amazon may easily hit 200 before this run is over. The monster has little rationale behind it except the perception that it is the kingpin of a new economic movement. It is still very risky to be short on this stock - at least until a week from Monday.

To: Tom D who wrote (33199)	1/7/1999 5:11:00 PM
From: llamaphlegm	Read Replies (3) \| Respond to of 164684

<<<AMZN is not "just keeping up" AMZN is NOT keeping up. If they were not adding new product lines, it would be easy to see that their growth in any single product line, such as books, is lagging overall internet ecommerce growth. We don't know what Bezos told the institutional analysts yesterday morning. Must be something that changes the rules of the game, in order for them to drive the price up further. I don't think we have the knowledge or tools to assess what AMZN will be like in a few years. But it is this future version, this dream, that we cannot see, because we are not on the inside, that is being bought into heavily by institutional investors. Tom D>>> Tom This is why you're great. You don't pretend that the winners in your portfolio (in the market) must 1. validate your own brilliance or even 2. justify the company's own hype. btw i don't think that the analysts are doing much thinking -- sometimes IIs just have to be invested because they are afraid to underperform. lp