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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Jack T. Pearson who wrote (31102)	12/24/1998 9:23:00 PM
From: llamaphlegm	Read Replies (1) of 164684

<<<We've seen this happen before: IBM failed at getting into the PC operating system business; Compaq has failed at getting into direct sales; AOL stops Compuserve; Cisco and 3Com take the networking market away from IBM; Intel tries to enter the PC business and fails. Compare Amazon's cash flow with their competitor's over the last year or quarter. P.S.: When the bubble bursts, will the Internet disappear?>>>> 1. 000 or few barriers to entry 2. margin compression 3. few if any switching costs 4. commodity retailer v. manufacturerer I could go on, but why bother. As for the bubble bursting, no the internet will not disappear -- it is an effective medium, but many of the companies will and far more of speculators money will also go poof.

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