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

AMZN 226.10

+2.5%

Nov 24 3:59 PM EST

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To: Robert Rose who wrote (83301)	11/6/1999 12:21:00 PM
From: Sam Sara	Read Replies (1) of 164684

Robert, I think you figured this out long before I did, but it seems clear that the money has shifted to B2B and wireless. The original internets peaked when Q/Q revenue growth (percentage wise) peaked- the winners in this sphere will continue to grow their market caps, but not nowhere near the rate of 1997-1999. I have a question for you- do you think we will see a recurrent pattern in B2B sector, with an April peak as in B2C stocks? Finally, I think we may be seeing the ascendancy of the Nasdaq over the NYSE- I think the latter recognizes it and that is why there is talk of major restructuring going on with NYSE oversight. The addition of Microsoft, Intel, Home Depot and SBC Communications in the place of Chevron, Goodyear Tire, Union Carbide and Sears Roebuck to the Dow is a related phenomenon. I think that tech sector has a long way to go in this bull- we are seeing the beginning of massive rotation of funds into the tech sector, and I think it will only continue.

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