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

AMZN 222.55

-4.4%

3:59 PM EST

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To: Eric Wells who wrote (80398)	10/12/1999 11:15:00 PM
From: Bill Harmond	Read Replies (4) of 164684

>>William - do you ever worry that YHOO may be a bit over-valued? Over-valued, no. Over-bought, yes. >>Do you have any concern at all that Yahoo doesn't break out its revenue? We really don't know how they make money - and it appears that most of their money is made via advertising. And don't you have any concern that the web advertising revenue model may not be real solid one? Right now its about 2/3 advertising, 1/4 Commerce and the rest GeoCities and Broadcast.com. I don't have any concern about the advertising portion of the model. I spent my career in network television ad sales, and I am very comfortable about how advertisers approach the Internet. The number of Yahoo's advertisers is steadily expanding, their average commitment is growing larger in dollar terms and in length. Every advertiser of substance on the Web must deal with Yahoo and AOL. >>You have to wonder if they are ever going to improve upon it. The interface is designed for simplicity and especially speed. So far it's not a liability.

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