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

AMZN 241.68

-0.6%

3:59 PM EST

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To: Eric Wells who wrote (64690)	6/25/1999 6:12:00 PM
From: Bill Harmond	Read Replies (2) of 164685

>>I have trouble putting my trust in Jeff Bezos, who has never been a CEO of a company before, continually telling us that "profits are not important now". I try to imagine Bill Gates saying this to Microsoft shareholders, or Larry Ellison saying this to Oracle shareholders - and I can only think that Bill and Larry would be hounded endlessly and driven from their posts. Profits are important - they are life blood that continue to drive business - without profits, you can only stay in business for so long (until your money runs out).<< On one side or the other, this is the central issue, IMO. Remember though, this is not the same model as a software company. This is a land grab. Success is defined by quickly developing the largest critical mass, the strongest brand. Amazon has achieved that so far. It will be very hard for any competitor to take that away, and relatively easy to Amazon to extend it. That's what all the spending is about.

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