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

To: Peter Greenhill who wrote (35809)	1/21/1999 1:24:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Maybe, but many investors consider AMZN greatly over priced stock. Long term it is a great investment IMHO Why? Simply because revenue from net retailing is currently a very small part of the retail revenue in total. In 5, 10, 15 years it is likely to grow significantly. Companies such as AMZN will then be making large profits and consequently justify a high share price. Really??? Why??? What about fulfillment costs? What about razo thin margins? I jut want to know why. Glenn

To: Peter Greenhill who wrote (35809)	1/21/1999 1:30:00 PM
From: Ritz	Read Replies (1) \| Respond to of 164684

Peter: Barriers to entry in E-commerce are nil...anyone can set up a Web site and sell stuff for almost nothing. Competition is already becoming ferocious as dozens of e-commerce sites are set up each week. Comparing prices from one e-retailer to another does not require driving across town, it takes just a click on a mouse. Worse, there will shortly be web sites that keep track of prices on various sites and automatically take you to the lowest price one. Anyone that thinks that margins will ever be anything but razor thin is kidding themselves. Neither Amazon nor any other e-commerce site will generate the profits justifying current valuations.....ever. -Ritz