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

AMZN 226.76

+2.5%

Dec 18 3:59 PM EST

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To: Eric D. Moody who wrote (3775)	5/2/1998 4:15:00 AM
From: Michel Bera	Read Replies (1) of 164684

Eric, I went long on AMZN mainly because I spend some real money buying books from them (almost one a week...). Basic Peter Lynch approach I should have applied last year <g>. ETrade will most likely open in Europe next year, though. I may open then an account with them, so... AMZN databases are rather unique now, and they were started from scratch, which is different from older bookstores, where MIS must have a pain in the neck relating their old infrastructure to modern needs. This must be extremely costly (look at Y2K costs), and past culture (I always made money with bookshops, why should I change ?) must smuther enthusiasms for moving online. I was surprised indeed to see so much competition arising with ETrade in such a short time. My mistake. Schwab did not move that well, though : only newcomers from scratch were harmful against E*Trade. Just some cents. Regards, MiB

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