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

AMZN 239.26

-1.0%

Jan 30 3:59 PM EST

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To: H James Morris who wrote (137048)	1/15/2002 9:25:23 PM
From: Victor Lazlo	Read Replies (1) of 164685

HJ do you trust Chambers? Can you explain the CSCO financials for me? Chambers can't !! You can crow all you want about their 18 billion cash equiv. If you are impressed by that, then value them as ypu would a bank- because that is where most of their 'earnings' is coming from. Interest on cash. I know you trusted Ken Lay, but would you still trust him, after what he and his crew did to your ENE investment? A lot of people trusted Bezos and the PCLN guy and the EXDS lady too. I am very glad I sold all my CSCo at 68 - it was a great return, but CSCO's valuations and expectations were way topped out. Even earlier, my brain had been telling me to sell. And CSCO's valuations and expectations still are extravagant to almost the same extent, imo. And J Chambers is not going to discourage that.

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