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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.95+0.3%Dec 1 3:59 PM EST

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To: Rob S. who wrote (16010)9/3/1998 9:37:00 PM
From: Derrick P.  Read Replies (1) of 164684
 
I think the same stock price insanity occurred with Ballard Power BLDPF. They are a hot tech company that produces fuel cells. They were making contracts with most of the big automakers for the development of fuel cells to power automobiles. Very low emissions and great gas mileage, etc. The greatest thing, except no earnings and no potential for earnings for some 5-10 years. They also needed to work out some significant problems before there could be commercial application on any real scale. They did the 15 to $140 thing, did a 3 for one split, now down to $17, or $51 pre split, still in a down trend. AMZN's chart will I believe look something like this in a few months:

quote.yahoo.com

Although my personal opinion is that it will occur somewhat more quickly for AMZN as their situation is somewhat easier to understand. The negatives are also more obvious, as have already been pointed out here. Ballard at least had some exclusive technology. BTW Ballards earnings and profits are due to one time stock sales to Ford and Dailmer Benz.

Best Regards,

Derrick
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