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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.47-2.3%9:52 AM EST
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To: Glenn D. Rudolph who wrote (112377)12/4/2000 11:59:44 AM
From: H James Morris  Read Replies (2) of 164684
 
>The world is watching Amazon.com to see if this holiday season spells victory or defeat.

"If Amazon were to fail, it would be huge," says Chad Waite, a partner at OVP Venture Partners, and an experienced venture investor. "It would disprove the e-tailer model."

Few expect that to happen to Amazon, even if sales don't measure up. The company is simply too big and too close to profitability to fail. (Its book and music stores are turning a profit.) But Waite expects a number of online stores to close their doors after the holidays.

"There are e-tailers out there with very, very high expectations for the holiday season because they want to go public next year," he said. "If they aren't going to make their plans, you're going to see more of these lock up the doors and go home in late January and early February. A lot of them aren't going to survive."

And many other businesses that looked viable a year ago look ridiculous now that venture capitalists, who supply seed money used to start companies, are growing cautious.

Pets.com learned the hard way that selling pet food online doesn't work. It went out of business. "Pet food online is kind of a joke," Waite says. "One of them is too much."
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