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

AMZN 228.70

-0.2%

3:52 PM EST

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To: Bill Harmond who wrote (16944)	9/12/1998 7:25:00 PM
From: craig crawford	Read Replies (1) of 164684

>> You could have paid $5 or $3 for AOL in 1994. << You could have paid $114 (adjusted for a 5 for 1 split) for RCA back in 1929. Back then RCA was the Microsoft of the 20's. They were dominant, and on the cutting edge of "wireless" communications. The company never paid dividends (they were a growth stock) and the stock had a PE of 72. The Fed discount rate was 6% and commercial paper yielded 6.5% RCA rose 936% from 1925-1929, from a split adjusted $11~~~$114. Over the next three years it fell 97% to less than $3/share. "Don't part with your illusions; when they are all gone you may still exist, but you have ceased to live." ---Mark Twain

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