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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 231.90-1.2%3:33 PM EST
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To: Glenn D. Rudolph who wrote (99580)4/8/2000 11:44:00 PM
From: Robert Rose  Read Replies (1) of 164684
 
<You believe many of the high flying inuts are overvalued in th elong run?>

Blodgett and others' view that 10% of the inets will survive and 90% will fold or be acquired makes sense to me. Those surviving will over time grow into their current lofty valuations. But yes, 2000 appears to be THE year where reality begins to sink in for the sector, and p/s's will reflect that. This is a year for much more caution than I've seen of late on this thread, imo.
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