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

To: Lizzie Tudor who wrote (57573)	5/20/1999 4:22:00 PM
From: Sanjay Varma	Read Replies (1) \| Respond to of 164684

What AMZN will do with $2 billion: My friend is a real estate broker on Tahiti, and she told me that a rich US customer had just purchased 1,000 beach houses for $2 billion in cash. This real estate deal closes on the same day as AMZN's debt offering!!! -Sanjay PS. This same client had already purchased 750 beach houses for $1.5 billion a few months ago!!!

To: Lizzie Tudor who wrote (57573)	5/20/1999 5:34:00 PM
From: Glenn D. Rudolph	Respond to of 164684

I agree. I wont take a long position here. But they are not the best short by a long margin. Amazon's vc arm alone is worth twice as much as CMGI just based on the quality of properties in the portfolio. Michelle, After being short AMZN last year and taking the worst killing of my life, I would not short now. I post often about the fundamentals or what appears to be a lack of good fundamentals. The problem is Amazon is still an inigma. I have never seen a firm raise so much money after losing so much money. It is an unknown animal. We all could speculate forever. Maybe there is a master plan and I surely do not wish to be on the wrong side of that plan just in case it works. I no longer can compare AMZN to any company that has ever existed. Assuming we use the amortization of good will, Amazon has lost more money than they have had in revenue during their entire existance. The market has not shown it really cares about that aspect. During all this process of money being lost anbd various businesses being entered, I now believe most people have heard of the company. That was not true a year ago. It is an interesting adventure and one I enjoy watching unfold. Glenn

To: Lizzie Tudor who wrote (57573)	5/20/1999 6:51:00 PM
From: Bearded One	Respond to of 164684

The question of what's a good short is different from what's the biggest piece of junk. Certainly, theStreet.com is a piece of worthless junk. However, it may not be a good short--- yet. From very hard experience, I (and the people I work with) have learned a few lessons about shorting. The first thing with going short a stock is not to be too much smarter than everyone else. We got burnt badly with companies that were junk, but ran up anyway because people didn't realize that they were junk. One thing I look for is the potential for negative news. With Amazon's cash flow and operations, there's lots of potential for negative news. TheStreet.com doesn't have that potential yet. I don't expect them to report surprising losses or weird purchases or shelf registrations anytime soon. Thus, there's nothing on the horizon to 'prick their balloon.' With Amazon, we have the possibilities of increased market share from a competitor or revenue not increasing as expected. Thought question: What happens to Amazon if Barnes & Noble reports increased internet market share of book sales?