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

AMZN 232.12

+1.6%

Dec 23 3:59 PM EST

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To: H James Morris who wrote (87518)	12/15/1999 7:20:00 PM
From: Glenn D. Rudolph	of 164684

<<PCLN may be elminated today but only due to my own risk tolerance.>> Glenn, I think the Pcln agreement with Preview Travel is very good for Pcln. But, I still wouldn't buy it. I don't think Pcln can sustain a 8-9bil market cap much longer. But! I could be wrong. I cut my position in half yesterday so decided to let the balance run. It is not a lot so it is quite speculative. My major concern is the swap of equity for inventory as Blodgett mentioned in his last report. His point was it is not a big deal if it is only with the airlines but it happens with everything, it is not good.

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