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

AMZN 232.37

-0.9%

Dec 3 3:59 PM EST

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To: MoonBrother who wrote (69330)	7/24/1999 9:09:00 AM
From: Tom D	Read Replies (2) of 164684

This is the part that is patheticly misguided... "Internet shares, with their pricey valuations and with many market favorites losing money, are considered especially vulnerable to higher rates." The price competition of eCommerce is going to produce a three to four year period of the most profound price disinflation since the Great Depression. Factor in the additional increases in worker productivity due to the ubiquity of computing power and Moores Law-- which will easily outweigh any wage increases. And John H was to dredge up some ignorant quote about interest rate fears threatening internet stock prices. Bring on the interest rate fears. I will buy more net stocks in the face of these fears. Tom D

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