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

To: Al Chechatka who wrote (54189)	4/29/1999 9:05:00 PM
From: Don Westermeyer	Respond to of 164684

Amazon: The earth's biggest money-loser Nothing new, but here's 'Money Daily's' comment on the subject. MarketRap Amazon: The earth's biggest money-loser Investors bolted for door as book-seller Amazon.com reported still wider losses. The profitable consequences of chasing stocks with the highest P/Es. By Pablo Galarza MARKETWATCH In a stunning affirmation that profits do count, net stocks, led by Amazon.com, pushed the Nasdaq lower from the opening bell. Investors once again moved cash to smokestacks and brokers that pepper the Dow, leaving those built on vapor for another day. Dow oldies (but goodies) hit another record (10878.93) . Remember how we consternated over D10K just a couple of weeks back? Now it appears we are going to blow through 11k as if the economy were coming out of a recession. RAIN ON AMAZON: As for Amazon.com's intention to spend more now to ensure world dominance later, I guess investors remember the lessons of Japanese companies that pursued market share in lieu of earnings: To stay in business, you eventually have to show that you can actually make money. The stock lost $25 and closed at $168 .