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

To: Bearded One who wrote (56185)	5/10/1999 1:14:00 AM
From: Tom Kearney	Read Replies (1) \| Respond to of 164684

Bearded One, I don't wish to debate you at length. I thought Abelson's job was as a humorist, like Art Buchwald, and it cracks me up to hear people take him seriously. My entire wealth is invested in the simple proposition that ALL great tech stocks are ALWAYS undervalued because NOBODY (sometimes even me) can believe how profitable they really are gonna be. Not just net stocks, though them, too. The only trick is simply identifying the great tech stocks. Most of the one discussed here frequently, qualify. My MSFT shares are up 11 times from early '95. I expect the same, more or less from these others. Regards, Tom

To: Bearded One who wrote (56185)	5/10/1999 8:31:00 AM
From: Sarmad Y. Hermiz	Respond to of 164684

>> If someone can explain the difference between a share of Amazon and a genuing mint-with-mint-tag brown cubby beanie bear, well, I'm listening. << Again, the answer is very simple. A beanie doll obviously has no economic value. With amzn there are enough physical manifestations (customer counts, warehouses, revenues) that an elaborate tale of possible huge profits can be told. With large revenues there is always the possibility that you can achieve cost reductions that make huge profits. But now the picture is more murky, both on the long and short side. Profits forecasts have been pushed back a couple of years, so that's negative. However, revenue forecasts have increased. That's positive. As long as these 2 forces are pulling in opposite directions, there will be big price swings.