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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 243.02-0.7%3:59 PM EST
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To: Bill Harmond who wrote (86840)12/9/1999 2:12:00 PM
From: Eric Wells  Read Replies (1) of 164685
 
Yahoo's market opportunity is incalculable.

And the market opportunity for every internet and b2b company is incalculable - and in fact, the market opportunity of every company is incalculable, because every company can set up a web site and become an internet company.

And so therefore, stock prices mean nothing.

And all we are doing here is playing a sophisticated form or roulette. And I would argue that the situation could ultimately be quite damaging to the economy - as economic rewards will be allocated based on chance, rather than on any positive contribution that an individual or a company may be making to the economy.

-Eric
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