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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: B.J. Lee who wrote (31193)	12/26/1998 12:12:00 AM
From: KeepItSimple	Read Replies (2) of 164684

>If you believe that the internet is just a passing fad and will disappear in 5 >years, then AMZN is overvalued. How many times do I have to repeat myself? I do not think the internet is a passing fad. I think it will be an increasingly important part of everyday life for a lot of people. What the HELL does that have to do with sticking a 15 billion dollar pricetag on an unprofitable online bookstore? Are you trying to say that if I dare suggest that adding a .com to the end of a companies name is NOT worth an instant billion in market cap that somehow I don't think the internet is important? I live, eat, and sleep the internet. I make my living on the internet. I spend a lot more time on it than is probably good for me, but it still doesnt mean that Jeff Bezos should be worth 6 billion dollars. TO REPEAT: IT IS POSSIBLE TO BELIEVE IN THE POSSIBILITIES OF THE INTERNET AND STILL THINK THE NET STOCKS ARE UNDERGOING THE BIGGEST SPECULATIVE BUBBLE IN RECORDED MARKET HISTORY.

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