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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: BGR who wrote (64465)	6/24/1999 8:55:00 PM
From: GST	Read Replies (2) of 164684

BGR -- The IPO market was very influential this week. The market dropped when Salon flopped and picked up as soon as Ariba looked strong. A strong caveat -- the flood of new net stocks being issued is going to dilute the value of all net stocks. The blatant and barely legal (if legal) manipulation of IPOs in general and net IPOs in particular is no longer much of a secret. Conclusion? Net stocks are no longer a scarce commodity.

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