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

To: Bill Harmond who wrote (59275)	5/30/1999 7:37:00 PM
From: JC Reddy	Read Replies (1) \| Respond to of 164684

After all, it's about faith, isn't it? I buy ONE book because AMZN is selling it at a discount and taking a loss on the sale. I become one of those 10 million buyers. Am I loyal to AMZN? As long as AMZN is taking a loss on their sales, may be. Retailing and brokering isn't particularly a profitable high margin business. They make make a buck or two on volume, but that doesn't justify the current levels of AMZN stock.

To: Bill Harmond who wrote (59275)	5/31/1999 1:34:00 PM
From: Sam Citron	Read Replies (4) \| Respond to of 164684

[Barrons'] points are tired and hollow. Either you buy Amazon's swing-for-the-fences strategy or you don't. It's as simple as that. There is nothing wrong with Amazon's aggressiveness, hiring choices or execution. William, I have never taken a position in Amazon and probably never will. However, I think that Jackie Doherty's article raises such a variety of questions, not only about competition and accounting policies, but also about thornier issues like strategy and disclosure, that I am afraid the article may have a devastating and corrosive effect on Amazon's market value unless someone takes the lead and refutes each issue point by point. With your intelligence and articulate style and your x5 position, I was hoping that person would be you. Although I have tried to follow Amazon fairly closely because it is such a pace setter in e-commerce, I simply do not feel that I know the company well enough to do this myself. Sam