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

AMZN 217.15

-2.5%

Nov 20 3:59 PM EST

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To: Jan Crawley who wrote (10244)	7/13/1998 11:42:00 PM
From: llamaphlegm	Read Replies (2) of 164684

THought you all might enjoy this one from TMF: Since CanStic isn't around anymore to post all the negative press, I guess I'll have to do it: seattletimes.com It's a Seattle Times article about the valuations of Internet stocks, with a lot of attention given to Amazon. My favorite quote: Robert Stovall, president of New York-based Stovall/Twenty-First Advisers, said the recent interest in Internet shares brings to mind stock crazes from the 1950s and '60s: Uranium stocks at the dawn of the Cold War, drug and biotech stocks after the discovery of a polio vaccine and space-related stocks when President Kennedy pledged that America would send a man to the moon. In those cases, investor interest eventually cooled after an initial crush. Of course, history never repeats itself so there's nothing to learn from those events. What was that -- like 30 or 40 years ago? No relevance at all . . . Rimpinths --LP

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