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

AMZN 227.35

+0.3%

Dec 19 9:30 AM EST

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To: 10K a day who wrote (107102)	8/13/2000 8:24:31 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

thestreet.com from the Street.com: A snipit: " Sometimes there is no one to blame except the mania itself. Last week I saw that Audible Inc. (ADBL:Nasdaq - news - boards) hit that sickening one-buck level. That's the point of no return for most stocks, " "Everything was above plan. Everything was what venture capital firm and key investor Kleiner Perkins might have expected or that investors Random House and the now nonprescient Amazon (AMZN:Nasdaq - news - boards) (it bought 5% of the company at the now stupid price of 15) would have wanted. " "So what went wrong? Absolutely nothing. Audible is a small company with a small franchise and a small-scale operation that is valued, well, with a small capitalization. The only thing wrong with Audible is what happened to its stock in the interim. That's what was wrong. Now everything seems just right. It's just that nobody made much money except the insiders who sold right after the Amazon news, just when the nauseating decline began"

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