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

To: Bill Harmond who wrote (59194)	5/29/1999 9:10:00 PM
From: Wizard	Read Replies (2) \| Respond to of 164684

That article is an embarassment to financial journalism. You would think they would have learned their lesson after pounding and pounding on America Online for so many years. Ironic that they now view AOL so positively and juxtapose it to Amazon in the article. But regardless of whether AMZN stock is over or undervalued, the points in the article are just poorly articulated. Jeez, the writer first attacks Amazon for reporting losses due to high operating expenses and then argues that analysts have wrongly "gone along with the company's method of using 'pro-forma net income' number to judge Amazon's performance instead of using the measure of net income prescribed under Generally Accepted Accounting Principles." Hey Jacqueline, go back to your 12th grade investment text and try again. It is counterproductive to first criticize a company for losses and then criticize them for overstating net income. Stick to one or the other sweetheart. Then go to the chapter on cash flow and return on invested capital. Then her argument about growth in books going from 825% in 1997 to an estimated 90% in 1999... I guess she doesn't understand the role of setting beatable forecasts. Then, no mention of getting into high-margin opportunities like auctions, software etc... I am not long this stock but I see an entry price on the horizon with analysis such as this...

To: Bill Harmond who wrote (59194)	5/30/1999 12:27:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>I think the stock should shake this off easily. The strong hands in this stock (the only ones left) were in Amazon long before Barron's discovered it, and the fundamental story is stronger than ever.<< William, are these strong hands your hands?? The fundamental story?? This story was written by Gene Rottenberry (sp). The creator of Star Trek. Do you remember the show?? Able to go places where no man has ventured. Guess what?? this Amzn starship is returning to earth. With or without Barrons help. Next stop! 2 digits. If this "Thing" sees 196 again, I'll buy you lunch In Leucadia, that is.;-))