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

AMZN 237.15

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To: Tom D who wrote (27603)	11/21/1998 9:15:00 PM
From: Robert Rose	Read Replies (2) of 164684

<Large cap stocks are expected to have a 4-5% increase in earnings in 1999. Their PE is around 25. There is a staggering amount of money that is going to leave these stocks soon and try to find a new home. The demand for large-cap liquid internet stocks will continue to greatly exceed the supply in 1999. > Interesting observation, Tom. I have been viewing 1999 as great for the internets largely because of fundamental factors regarding that sector. To then place the internets within the context of macro economic forces is very helpful. Rob

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