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

To: Robert Leverton who wrote (36918)	1/26/1999 8:13:00 PM
From: LWolf	Read Replies (1) \| Respond to of 164684

Robert... I believe "courageous", would also be an appropriate descriptor! Laura

To: Robert Leverton who wrote (36918)	1/26/1999 8:17:00 PM
From: Glenn D. Rudolph	Respond to of 164684

So, let me get this right... Bezos says in his CC that I want Amazon to be a legitimate company regardless of the impact on the short term value of my stock. If people always think of me as a tulip that's all I'll ever be. If they see me as interested in providing a stable investment opportunity I have a real chance of being around in 2025. Go ahead and cut my share price today, I'll raise its true value the right way, I'LL EARN IT! Flat out gutsy. Robert, That does appear to be what he said. I am not sure that was what he meant. I am still listening particularly to Covey. Glenn

To: Robert Leverton who wrote (36918)	1/26/1999 8:33:00 PM
From: Charlie J	Respond to of 164684

I agree that Bezos' comments could be seen as gutsy, but I would also say that they were simply necessitated by the current stock price, which is too inflated. He's not dumb, he can see this. It doesn't help his company at all (the company gets none of the money that is trading hands daily), it only makes things tougher as so many people criticize what he is doing, or that he's not profitable yet. I am convinced that he is looking long-term, like most people do who start companies. I have started and sold two successful software companies. You don't typically start off with a notion that you can ramp up a new endeavor in a year of two and make a financial killing. You make a plan that it is at least five years out. Now, if Bezos and his management team are looking out five years or more into the future, their focus is not going to be on short-term profitability, but on becoming the dominant internet retailer. I think what he is saying is that he recognizes that the stock is inflated and thinks that this is unfortunate, but he is still going to aggresively build the company for the long-term, and not cave into more immediate pressures to show better margins or attain some level of profitability right now that would help justify the current stock price. It's simply a longer-term perspective. This guy wants to build a company of historic proportions and is more concerned with that than with the current stock price.