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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 233.95

+0.3%

3:59 PM EST

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To: Bearded One who wrote (68889)	7/22/1999 2:27:00 PM
From: Rob S.	of 164684

Very good points. I went to a high-tech/Internet employment show a couple weeks ago here in Seattle - it was a great opportunity to talk to several small start-ups and get a different perspective on the large companies as well. I talked with people at the Nordstrom's booth and was told that they had big plans for the Internet but that, unlike Amazon and other early entrants, they had no desire to go into the Internet to loose money. They see themselves tying in every sales department with Internet terminals and offering customers the ability to select products via the Internet, purchase them for delivery or lay them aside at the most convenient store location so they can come in and "feel" the merchandise. Paraphrasing: "We want to personalize the Internet experience for our customers - that is what tell us they want." There will be many flavors of competition on the Internet but discounting the existing retailers who are just now starting to get active in putting together winning efforts is foolish, IMO. I think Amazon will become a large retailer of commodity products and get a piece of the auction market. Eventually they probably can make a small profit at it. Anyway let's speculate that they can. After the wild growth of the Internet starts to cools down to sub 100%, expectations will change to focus more on the profits these companies can deliver. Many "traditional" companies are now contemplating or preparing spin-offs of web parts of their business. The result will be massive amounts of competition and stock market dilution with too little regard for profits - outside of that from the sale of the stock. I wish I were one of the highly vested insiders at the next www.plunderthefrenzy.com! ;^)

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