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

To: cellhigh who wrote (36903)	1/26/1999 7:17:00 PM
From: Raiders	Read Replies (4) \| Respond to of 164684

Amzn got hammered in the conference cll. All questions were addressed towards Gross Margins. Looks like it is going to decline in the future. I think Analyst are going to downgrade this stock in the morning. Except for a few analyst's not all the analyst said it was a good quarter. Here is a few excerpts from Street.com 1)Bezos acknowledged that competition is only going to accelerate in 1999. "We are going to make the most of the 1999 window of opportunity. We will lay the foundations of growth. No cutting corners and we will take a significant upfront investment." Amazon will invest in its system capacity, marketing and distribution, and is looking to hire many more employees. 2)Based on analyst forecasts, Amazon.com's losses were expected to shrink from this point on heading into 2000, with perhaps even a profitable quarter by the end of 2001. However, all of Amazon's expansion plans and aggressive spending to build the core business should translate into even greater losses going forward, said Joy Covey, the company's CFO, during the conference call. 3)As Bezos ended his prepared speech, he addressed the individual investors who might be listening in on the call via Webcast. "We don't spend much time focusing on Amazon.com the stock," Bezos said. "Amazon and other Internet pure plays are very volatile. Because of that, Amazon.com should be a very small fraction of a long-term investor's portfolio. It shouldn't be any portion of a short-term investor's portfolio." Any comments!! If it falls I will sell my puts and if it moves higher I will sell my calls. Raiders