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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Cap_Loss_Cfwd who wrote (74445)	8/18/1999 1:26:00 PM
From: Eric Wells	of 164684

>>Especially in view of the fact that without >>the interest income on their unspent IPO wealth, >>the E in PE would be an L. It does make for an interesting business model - where internet companies generate profits by investing in each other's stocks - the profits make it look like they have viable business plans which leads to greater increases in their stock prices - and greater profits - and more stock price increases... If I wasn't a firm believer in our markets, I might be inclined to think this was a pyramid masquerading as a legitimate investment model. Thanks, -Eric

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