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

To: Glenn D. Rudolph who wrote (54520)	5/1/1999 6:31:00 PM
From: Jenne	Read Replies (1) \| Respond to of 164684

Retailer Amazon.com Shares Worth 25 at Most, Barron's Says Bloomberg News May 1, 1999, 12:34 p.m. PT New York, May 1 (Bloomberg) -- Shares of Amazon.com Inc., the largest Internet retailer, are worth 25 at most when its revenue, losses and gross margin are taken into consideration, Barron's reported in its ''Up & Down Wall Street'' column. The company, which this week reported widening first-quarter operating losses and increasing marketing costs, won't make money anytime soon because of its aggressive growth program and heavy spending on sales and marketing. The company, which has gross margins of 23 cents of every sales dollar, is selling for around 33 times revenue, while Barnes & Noble Inc., the biggest U.S. bookseller, has gross margins of 27 to 28 percent and sells for 0.8 times its revenue, Barron's reported. Amazon.com's first-quarter loss rose to $61.7 million, or 39 cents a share, from $10.4 million, or 7 cents, in the year- earlier period.

To: Glenn D. Rudolph who wrote (54520)	5/2/1999 2:33:00 AM
From: radames	Read Replies (1) \| Respond to of 164684

<time for true believers to stand up and take a gamble> that is what i think they really meant,,what a ridiculous statement to make about a stock ,,i mean come on this is an investment we are talking about not a boxing match ,,it should have nothing to do with faith but fundamentals ,,,my biggest concern is the slowing sales part,,that is cause for major concern,,with a slowing growth rate and extremely rapid overspending and no foreseeable profitability how do you justify the market cap and stock price,,it sounds to me the analysts don't want to say what they really believe because they want to get their clients out while they can,,,,imagine that a top analyst telling people to basically take a leap of faith ,,,,ridiculous