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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Glenn D. Rudolph who wrote (25481)	11/10/1998 2:48:00 PM
From: Doug Fowler	Read Replies (2) of 164684

Glenn, I believe that many of these Internet companies have an incredibly bright future -- Yahoo, eBay, Amazon. What FRUSTRATES the heck out of me is that I can't find any rational explanation for buying any of them at the prices they trade. I started the thread on eBay more than three months ago, and have always been very positive with regard to their achievements so far, their dominance of their market, their phenomenal growth rate, and their very bright future. However, I simply cannot justify that company having a stock market capitalization of $5B, when it would take no more than $50M to duplicate their model AND BUY the traffic.

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