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

AMZN 233.23

+1.8%

Nov 28 12:59 PM EST

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To: Gary Walker who wrote (23781)	10/29/1998 8:42:00 PM
From: Bill Harmond	Read Replies (2) of 164684

Don't be angry. I have nothing but good will toward you. Silver spoon money? Yeah, sure, that's me. I disagreed with you until Microsoft zeroed Netscape's market and bought out Netscape's deals with AOL and AT&T. I enjoyed sparring with you in 1996, but apparently you don't have the same appetite now. B&N and Borders' biggest liability is their stores. Those leases are debt...a mill stone around their necks, and the stores pay for themselves only at Christmas time. For some reason that is beyond me, the bears here don't get the concepts of investment spending, franchise extensibility, and increasing returns. They're busy blaming something. That is literally unfortunate. Amazon may blow up. Amazon could slowly fail. No sign yet.

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