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

To: H James Morris who wrote (51017)	4/17/1999 11:58:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

James, >> A hedge? That's different, but I'm running out of time. Hopefully Jan and I will pick up where you leave off. Just have to add a zero. By the way, I added half a zero on Friday, and that worked out OK.

To: H James Morris who wrote (51017)	4/17/1999 12:11:00 PM
From: Rob S.	Read Replies (3) \| Respond to of 164684

You've got to give a lot of credit (debt?) to Covey, Amazon's CFO. She is more responsible for the financial strategy than Bezos. When Amazon recently went out for the about $500 million in debt instruments and saw that it would be vastly over-subscribed, she and the investment bankers decided on the spur of the moment to up the ante to over a billion. Actually, I can't be that critical of Amazon's strategy. They have decided on a particular game plan that has a prime contingent of moving into a lot of areas during this formative stage of the Internet. Once set upon that type of strategy it becomes necessary to play it for all it's worth, IMO. Some observers have thought that Amazon would go out of business or run out of money in their "ponzi scheme" of buying customers. I think Amazon will grow to several billion in sales, maybe 20-30 billion within ten years. That is 2-3 x what Bezo had targeted just a few months ago. Where my opinion differs dramatically from some analysts and investors is I think Amazon's sales will be at low margins and profits will be razor thin. It will be a great big retailer spanning the Internet but there will be severe competition as well. The "end game" is a business that might be worth as much as double or maybe even triple what it is today in ten or 15 years. Of course, a lot could go wrong with that scenario in the meantime. Bezo recognizes tht he is riding the wave of opportunity of eccomerce. The trouble is that big waves are forming out at sea and competition will build. The next wave will form as the media merge.