Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Glenn D. Rudolph who wrote (56941)	5/16/1999 9:59:00 PM
From: TechStockMania	Read Replies (1) \| Respond to of 164684

Is Amazon the premier consumer e-commerce company? This is why I think so. While Amazon's recent stock price has corrected significantly since their last earnings announcement, I was very impressed with its new customer growth in the last quarter. They added 1.2 million new paying customers in 3 months, almost as many new customers as AOL added new subscribers in the same time period. Yes, I know, they are not making any money, yet. I believe that CEO Bezos' long term strategy of investing every penny back into the company to solidify its #1 market position is sound. Although wall street doesn't agree as it likes to see some net income reported. Another reason I like Amazon is it dominates every new business it targets. For example, it went to #1 online seller of cds months after it entered the market, to the dismay of CDNOW and others. While EBAY (another one of my favorites) will prove to be a much more formatable competitor than CDNOW, Amazon's razor sharp customer service focus should do well in the auction space. Amazon understands electronic customer service better than all. Most of its customers are repeat (60%). At 132 its a good buy for the long term. As an Amazon customer and stockholder, I'm holding for the future and will buy into further market dips. For more insight into AMZN and other market leading tech stocks, my whole portfolio, and investing philosophy go to geocities.com Regards, TechStockMania