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

AMZN 234.70

-1.2%

Nov 14 9:30 AM EST

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To: Sam Citron who wrote (100394)	4/13/2000 3:57:00 PM
From: GST	Read Replies (1) of 164684

Sam: I will give you references another time. I have no problem with the importance of the free flow of information, etc. -- and the debate here is not about what gives Harvard its value per se, but as an illustration. BTW, in recent conversations with top ten business schools, there is a distinct trend where students are not going for the degree at all -- only to build up their networks and go dot.com. The quality of education is not even an issue -- there is only one goal -- access to elite social business networks. If these schools could not provide this access they would not be chosen. Imagine anything you like that gives the owner "social position" and you will be close to the meaning of positional good. For a while, everybody "had to own" net stocks -- or had to "get in on" the IPO game. However, the IPOs owed most of their value to the scarcity of supply, and we now see what happens a few months down the road.

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