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

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: 10K a day who wrote (112310)	12/1/2000 9:12:28 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Impristine, I do not believe it would be "right" for me to debate the business model of Ariba. The reasons is I am not versed enough in that type business to make an argument without doing a lot of guessing. I do have a long position in Ariba and my reason for taking that position was that their growth was really quick and they actually are cash flow positive. There are other firms that have been discussed on this thread as being cash flow positive when inf act, they were not. Currently, my Ariba position is siginificantly underwater as is many of my positions in the market. I often discuss Amazon not only because I once shorted it with what I consider to be a terrible ending, but I also believe I know retailing well. Contrary to some people, I believe Amazon is a retailer. I can make statements about Amazon and feel comfortable that I am not just blowing hot air. I can't do that with Ariba. It does seem that Liz knows a lot about their model from the posts of hers I have read. I do not like the amount of insider selling that has occurred with Ariba in light of the fact they do not turn a profit. I am still of the belief that insiders should only reap large rewards when the firm at which they work or funded, turns a decent profit. The insiders in so many of the "new economy" firms have cashed in so much stock and reaped so much money from it I can hardly stand it. Many have accumulated more wealth in a year or two by selling stock as an insider that I have made in my entire career running two successful jewelry stores. It is not jealousy although I sure would like to have that much money. It is still a matter of my perception of this. I believe one should be rewarded for how well they perform their job. You are going to have to debate Ariba with someone else because I just do not know enough about it. Glenn

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