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

AMZN 229.55

+0.2%

Dec 5 3:59 PM EST

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To: Bill Harmond who wrote (134623)	11/11/2001 7:53:43 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

>>It is time though that you admit that the fundamentals of Amazon did not live up to your real expectations. No, Glenn. I told you I think Amazon will make it. I still believe it. It has been doing the things I said here I expected. Bill, Let's first straighten out what it was you were saying about Amazon in 1998. You made it clear that you believed Amazon had an extremely profitable and advantageous business model. You believed that Amazon's bottom line would become huge and they would be a major profitable retailer. We never discussed Amazon squeeking by and barely missing bankruptcy. When you are ready to admit that Amazon at best will barely survive, it is time for you to admit I was correct. Not related to our "bet" back then is survival of Amazon itself. I am telling you as a stand alone company that it will not even do that but let's be clear that was not our bet. You still predict Amazon to have a extremely profitable business model and that it is vastly superior to those with dual channel businesses?

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