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

AMZN 247.47

+1.3%

10:48 AM EST

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To: Glenn D. Rudolph who wrote (32072)	1/1/1999 5:44:00 PM
From: Bill Harmond	Read Replies (4) of 164684

>>This mania is not different than any other but you are failing to see that. I hear the "mania" word everywhere. I think it's an easy label, but this may turn out not to be a mania, at least in the leading companies with real businesses. There has never been an in industry emerge with the momentum and life-changing quality of the Internet. Not even the railroads or the automobile, or broadcasting. Biotech caught imaginations, and some medicines have been lifesavers, but how many among those you know have used them? Casino's?? The railroads and automobile shrunk space and time. Broadcasting (and recording) pretty-much eliminated it, but it's a one way street. The Internet has made it a two-way street and commerce enabler. The Internet is the most rapidly-adopted technology in history. You must say that the Internet explosion is different. We can all argue valuations. They're historically high. Whether they shouldn't be is a different matter entirely.

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