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

To: sea_biscuit who wrote (41345)	2/20/1999 2:11:00 AM
From: KeepItSimple	Read Replies (1) \| Respond to of 164684

>Or are you saying that Amazon is having higher sales merely because they are, >in effect, giving away $1 bills for 95 cents each? Yes, that is exactly what I am saying. And guess who pays that extra 5 cents? Anyone who bought their junk bonds last year or the notes earlier this year. It is simple math.

To: sea_biscuit who wrote (41345)	2/20/1999 2:15:00 AM
From: KeepItSimple	Read Replies (2) \| Respond to of 164684

>Well, are you saying that valuations such as PSR, P/E ratios are not important? Let me put it this way. You can manipulate your PSR ratio by losing money like mad, but you will go bankrupt as soon as your cash runs out. You can't manipulate your P/E ratio, without running a profitable business unless you want to just break the law and cook the books outright. Covey knows exactly how far she can go and stay out of jail- so she is not likely to pick this solution. Since PSR can be easily (and legally) manipulated by simply losing cash, it has no value as a measurement of what a company's value should be. This whole problem came about because wall street only values revenues when it comes to internet stocks. So what do you think the internut companies focus on? Revenues! Who cares about profits! Look at the stock prices of normal profitable companies. They are trading for 100x less than the internuts!