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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.26+1.6%12:57 PM EST
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To: H James Morris who wrote (92550)1/30/2000 6:43:00 AM
From: Tom Clarke  Read Replies (3) of 164684
 
Did you happen to notice the author of the CNBC article is Assistant Professor of Economics at Smith College? Maybe I'm biased, but that should give us pause.

It spins fairly positive for a "negative" story, though:

This means that priceline.com should succeed even though its reverse auction is better for sellers than consumers. The disadvantage to consumers is subtle, and even if they grasp it, consumers are probably still better off at priceline.com than at traditional stores. Furthermore, sellers have control over how their products are sold and will greatly desire a process that reduces price competition.

So priceline.com will prosper not only because it helps sellers but also because it has a significant first mover's advantage, stronger even than eBay Inc.'s.

PCLN is about building a brand name and customer loyalty more than it is about plane tickets.
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