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

To: Glenn D. Rudolph who wrote (57290)	5/18/1999 7:02:00 PM
From: SmartPortfolio	Read Replies (1) \| Respond to of 164684

Amazon deal update: smartportfolio.com - they are expanding rapidly.

To: Glenn D. Rudolph who wrote (57290)	5/18/1999 7:38:00 PM
From: blankmind	Respond to of 164684

Dell Profits Jump 42 Percent dailynews.yahoo.com

To: Glenn D. Rudolph who wrote (57290)	5/18/1999 9:52:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Back to the real world OK. Glad you asked. What would happen to your jewelry-stores' bottom line if your sales decreased 7%?

To: Glenn D. Rudolph who wrote (57290)	5/18/1999 10:10:00 PM
From: Bearded One	Read Replies (1) \| Respond to of 164684

Glenn, that type of view is what keeps these stocks up at such a ridiculous market cap. Nobody here can give an explanation of why Amazon is worth 20 billion vs. 10 billion vs. 5 billion vs. 2 billion. They just go by the mantra (first espoused on the web by the Motley Fool) that a growing dominant company is worth any amount of money. ANY amount of money. These guys would still be buying Amazon if it had a market cap of 100 billion! I've seen this mania before. I saw it on Zitel (high of 71, now at 1 1/2), and I saw it on Iomega (high of 50+, now hovering for months at around 5). Iomega is a telling case. Iomega zip disk sales actually kept growing and growing. Huge profits were always around the corner, once they achieved enough market penetration and 'locked everyone in'. Well, the zip drive has been the # 1 selling removable storage device for a couple of years now. Yet Iomega never turned that corner to real profitability. But up until the end, the Iomegans were confident and sanguine. Likewise, I predict that Amazon will never turn that corner to profitability.