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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.55+0.2%Dec 5 9:30 AM EST
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To: Robert Stone who wrote (25482)11/10/1998 2:56:00 PM
From: Rob S.  Read Replies (1) of 164684
 
The media is loving all the attention the Internet game is giving them - it sells news spots and drives up viewers. Some recent "news" items are simply re-hashes of stuff that has been around for 18 months or longer and has been discussed repeatedly - each time the Internet stocks get crazy. One of these are the reports for huge growth in e-commerce sales: internetnews.com. This "News" is not news at all - just cheap rehash that is thrown out at the appropriate time to catch renewed interest. This article, which is typical, doesn't include a single fact that is new. Yes e-commerce is going to grow dramatically. Yes, biz-to-biz will be by far the greatest portion of that growth.

One piece of new news was a recent survey of Internet users by Visa International. They show that a large increase in Internet users plan to purchase things this Christmas on-line. Hmmm . . . growth was expected and much of the sales could be expected to be via credit card - would it be rational to think that the number of users purchasing would not grow substantially?

What all of these tidbits have in common is that they tend to serve the sources of the information in promoting their sales and stock prices. Maybe they are "news" to the multitudes of new investors who are anciously snapping up e-tailers stocks.
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