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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 239.30-1.0%Jan 30 9:30 AM EST

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To: Sarmad Y. Hermiz who wrote (62116)6/12/1999 11:08:00 PM
From: Rob S.  Read Replies (1) of 164685
 
I can't say what the next hot IPO will be - I'd just wait until the season for IPOs is better and then get any that are likely to be over-subscribed.

The way I would like to see things develop is for people to congregate locally in community business and recreation centers and commute to work via the Internet two out of 3 days. There are possibilities for people to make many new types of relationships and businesses to be organized along the lines of knowledge rather than physical infrastructure. From your home or local business center you could "work" with people who telecommute with companies in various parts of the city or country (or world for that matter). Business will continue to move toward knowledge work rather than industrial age work and many more jobs will be less dependent on your being at the same physical location as your company much of the time.

One of the stupidest things going on here in Seattle is building more roads and rapid transit at enormous cost while ignoring the potential of telecommuting via the Internet to reduce the number of vehicle that need to be on the road in the first place. Governement officials just don't get it. They need to give businesses and employees tax incentives for having people work from home or at remote locations. I am not opposed to rapid transit per se but Seattle has a very difficult geography for building it efficiently. Why spend several billions on it when a fraction of that in promotion and tax incentives will have a bigger impact? The Seattle system will only cover a fraction of the population and less than 5% of commuters are expected to use it. I think it would be relatively easy to get a greater percentage of people to telecommute.

Maybe a company that builds local telecommute equipped business centers would make a good IPO? Probably still a few years off before government and the market is ready for that to take off.
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