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

To: Lizzie Tudor who wrote (38599)	2/7/1999 3:36:00 PM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

anyone else see the barron's article almost laughing at the "greed" direct quote of MSDW and amzn mgt team as they enabled those blessed converts to go from 105 to 92 within one week ... tee hee ... by the way -- bus week article on kleiner and the competition mentions one vc who just finished working on borders soon to be released revamped blah blah blah website ... better late than never ... more bargains for me, and more great margins for amzn ... can't wait for the little bks.com ipo to come feb or march led by that little itsy bittsy inv bank -- called something like goldman sachs -- i'm sure that two weeks of road shows pointing out the obvious will do wonders for amzn's stock ... lp ps michelle -- do you really believe your own writings? amzn and dell -- come on, we've all got better things to do with our time than go down that road yet again.. better idea just compare it to msft.

To: Lizzie Tudor who wrote (38599)	2/7/1999 9:27:00 PM
From: GST	Read Replies (1) \| Respond to of 164684

Quite a few things changed at about that time. One of the most important was that Dell himself began to grow up as a manager. It was also around that time that Dell started to build a more competent management team. Dell also got into trouble by speculating on currencies -- from which they actually made a lot of money for a while. The problem was, nobody wanted to invest in a box maker with that kind of arbitrage income and a high risk profile. They traded at around ten times earnings and nobody could see how they could maintain their margins given the competition. Did they need to upgrade their material flow system? Sure. But if they were not in the build-to- order model, there would be nothing to improve upon -- that is the model, was the model and will be the model -- has been since day one. As for no inventory, they need to have a few things on hand to do their work (also turning over as rapidly as possible) -- they just don't have finished product in inventory. There is substantial value added in this model because each order can be customized to user requirements.