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

AMZN 239.12

+0.4%

Jan 16 9:30 AM EST

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To: Eric Wells who wrote (72732)	8/8/1999 10:45:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

I agree. My view is that Women.com, FTD.com, Hotjobs.com and many other internet companies should cancel their IPOs - not postpone them, but cancel them completely. I think most of them are junk, and I think their motivation lies in trying to milk the mania for net stocks to raise cash. If these companies have viable business plans, then they should have no trouble in going out and borrowing the money - and paying it back from the profits they make. Once these companies become established and have proven themselves through profitability - then, perhaps, they should consider an IPO. Eric, It is my opinion the above comment is the best post of the day and the most accurate. This also may be said about a lot of firms that already have completed their IPOs. Glenn

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