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

To: ChinuSFO who wrote (33835)	1/9/1999 12:39:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 164684

<,So my friend, do not panic. Let the MMs, profit takers, daytraders move in after the 3-1 split. When the dust settles in the next week or two, AMZN will restart its climb, if not at a phenomenal pace, but a climb nonetheless. >> Looks like you know the business of selling book very well... I don't. Got a question? Can you tell me what are the total annual sales for books in the US and how much these sales generate in profits per year ?

To: ChinuSFO who wrote (33835)	1/9/1999 3:18:00 PM
From: Mike M	Read Replies (1) \| Respond to of 164684

Sorry Chinmoy, but I think you are all wet! Even if I thought that someday AMZN would make a profit, which I consider doubtful, the stock price is absolutely ridiculous at this point. Any market weakness will expose the myriad of novices that are terribly overexposed in this bubble. At best this stock is several years ahead of itself and only at these levels because the money supply is out of control and markets are thoroughly giddy. All it has taken is the addition of a .com to put a rocket booster on a floundering company's market cap.....If only it could be so easy. We have no way of knowing whether this is "a top", "the top" or a one day reversal for AMZN. But, you are assuring someone who is obviously inexperienced and probably has no business in this stock, that everything is OK....It isn't OK and darn likely to get less so, before it gets better. I doubt you know this person's circumstances well enough to be giving him/her advice. Mike

To: ChinuSFO who wrote (33835)	1/9/1999 5:35:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Management has demonstrated their long term business growth goal by opening up a new center in Nevada to keep pace with the very highly likely demand in e-tailing. These to me are similar to fundamentals. Chinmoy, You must have forgotten the original business model. No huge wharehouses and associated expenses would be needed. Something must have amuck. In the early days of semiconductors, people were afraid to use computers, the semiconductor industry was not readily welcome. But the likes of Intel with the foresight went and built the infrastructure (manufacturing, R&D etc.) and today they are the leaders. And the same is the story with MSFT. This is a great comparison. Each of the companys you mentioned had profits from square one. When people start to buy clothes, shoes etc. the who knows, AMZN may jump in. But the important thing is they have built their E-STORES. You believe apparel will be a large etailing item?? Glenn

To: ChinuSFO who wrote (33835)	1/9/1999 7:44:00 PM
From: Glenn D. Rudolph	Respond to of 164684

The Internet Capitalist SG Cowen Internet Research 4 the Internet/New media companies who checked in with a market value around $17 billion. Today, those same traditional media companies are worth roughly $260 billion, and the Internet/New media universe $115 billion; almost half. Is it possible that the Internet/New media universes' growth in shareholder value happened in a vacuum relative to these traditional media companies? Is it possible that shareholder value is migrating away from traditional media companies, that the shareholders of a TWX, of a DIS, of a CBS are starting to come to the realization that their businesses may just not be worth as much as they believed? Today, those questions are awfully hard to answer. Though we know that the traditional media universe isn't shrinking in value year over year, we're getting a lot more calls these days from owners of these stocks than from any technology fund managers, which suggests that even more capital may be put to work in these “new” media companies, and even more capital may be taken out of old media companies. After all, if shareholder value can shift as radically as it has and as it most certainly will in the book retailing sector (a la AMZN, BKS, BGP) why can't the same happen in media circles? What's to stop the media industry value chain from re-orienting itself around Internet companies and for shareholder value to follow suit? Not much. Borders Group (BGP) Pre-announces This week, Borders Group, the #2 retail book seller (off-line) pre-announced their FY98 EPS expectations would be missed by $0.04; the stock plummeted by 22%. The company officially cited higher-than-expected gift certificate sales as well as stormy weather as impacting their top-line and continued spending on (read: losses from) their online retailing efforts. Regular readers of The Internet Capitalist will recognize a red herring when they see one, and this most certainly is one. That said, we think there are a few non-intuitive messages to be gleaned from Borders' announcement. We like to repeat as often as listeners will allow us that the Internet removes the constraints of time, place, and form, a truism that is central to understanding the Internet's implications for consumers and businesses. This is Internet jargon that means, from a retailing angle, that the limits of a typical brick and mortar retailer (like, say, geography and weather) pose very little or no concern to online retailers. The Borders announcement points up yet another lesson for traditional retailers and their investors; the very real conflicts of managing two businesses (one online and one off-line) that have very different demands from an operating, marketing, and cost of capital perspective may indeed be insurmountable in some cases. Put more precisely, Borders may be damned if they do, and damned if they don't. Damned if they build out their online store since it will invariably caused them earnings hiccups (from spending on the site and for errors of execution that come with its roll-out) and a correspondingly lower stock price and higher cost of capital, and damned if they don't build it out at all, since Amazon will capture revenue that would have found it's way (storms or no storms) to Borders' cash registers. This too, of course, means a lower stock price and higher cost of capital. Though many of the traditional retailing sell-side analysts that cover Borders Group lowered their ratings to neutral (or the equivalent) on Thursday, none, apparently, completely understand the implications of this damned-if-you- do, damned-if-you-don't scenario. If they

To: ChinuSFO who wrote (33835)	1/9/1999 10:21:00 PM
From: Sonki	Respond to of 164684

chinmoy, people investing (vs. trading) should think along the lines of VC. i see amzn as a lot more then just WMT. it will bring to us ability to buy specifi items that are carried only by a small store in Bombay. i see myself buying unusual diamonds or shopping in tokyo all from sitting in by bed with a lap top. it's not about books and cd. or just WMT. it will be a name people trust, with their visa card ...sonki ofcourse one would have to buy amzn stocks to get rich before they start clicking away at shopping centers around the world. -.....................born again dreamer btw : u knnow guess where amzn buys their servers from ? (sunw ) Message 7194448