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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST
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To: Glenn D. Rudolph who wrote (89385)1/2/2000 1:12:00 PM
From: H James Morris  Read Replies (2) of 164684
 
EBWorld might be toast unless they have no debt.
The new rumor is out Amzn to buy 7/11 stores (svey), in a stock swap. And I started the rumor.;-)
latimes.com
>1. Reality Checkout for the Internet. A shakeout of Internet retailers is already happening. As 1999 drew to a close, the stock prices of such e-tailers as EToys, Amazon.com and EBay were dropping, and Value America was cutting its staff in half. This despite the fact that the Christmas season was seeing a record $10 billion of purchases online. Investors were asking whether the Internet retailers could handle the orders, deliver the goods and make a profit. Investor skepticism will continue in 2000, meaning fewer companies simply trying to sell items on the Net will enjoy skyrocketing stock prices.
Internet brokerage firms have met a similar fate as investors questioned whether firms such as Ameritrade, E-Trade or TD Waterhouse can really hold and serve long-term investing customers. To be sure, nobody doubts that the Internet will continue to develop as a powerful communications technology. But at the turn of the year, investors were favoring Merrill Lynch, Charles Schwab and other traditional full-line brokers. And a notable alliance between America Online's Internet prowess and Wal-Mart's retailing might indicates future patterns of cooperation. As one venture capital financier put it: "You will need an offline component to any online business to fully succeed in the coming year."
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