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

To: Peter Bernhardt who wrote (54464)	5/1/1999 10:14:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

Peter, >> Answering this question, which might provide investors with some clarity, some sense that management wasn't engaged in some sort of ponzi scheme of historic proportions, was again deferred in favor of increased spending. << That was a great summation. Amazon faces a difficult challenge in building their new fulfillment centers. Factory automation consumes cash at a really alarming rate. I don't know whether the loss forecasts are done by people who understand that. How much cash would it take to outfit the Kansas warehouse ? A few hundred million, at least ? And will it even work as planned ? Many of these designs don't work well at first. And most especially when done in a hurry.

To: Peter Bernhardt who wrote (54464)	5/1/1999 12:39:00 PM
From: Miche Elle	Respond to of 164684

What I find so astounding is how analysts at DLJ, Bear Stearns, Amrobank etc. have significantly lowered quarterly and annual loss estimates for AMZN -- going out as far as two years -- yet, they have not lowered their overall "buy" ratings on the stock. Are they waiting for their firms respective positions to be closed out before they issue a change in rating? How can they not lower ratings in light of their significant changes in earnings estimates? (Additionally, I wonder how Needham's estimates moved in the opposite direction of everyone else....pink elephants?) Accordingly, I can't help but wonder how accountable these firms may be found in the class actions that will most likely arise at some time from client losses that may be attributable forked-tongue opining... The more things change on Wall Street, the more they stay the same: the individual investor may be one of the first guys/gals in, but still the last ones out.