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

AMZN 244.25

-2.0%

3:59 PM EST

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To: john Kurisko who wrote (33975)	1/10/1999 12:50:00 AM
From: David in Ontario	Read Replies (1) of 164684

Jim Seymour (@ theStreet.com) comments on AMZN for 1999 "Amazon (AMZN:Nasdaq). Yes, even at these prices: This is the future of e-commerce. But don't be broken-hearted when you can't find many shares to buy. I'm not so excited about Amazon's expansion of its franchise beyond books into CDs and videos -- three low-margin businesses if there ever were any -- as I am by its relentless refining of its business plan. That's going to play very well as AMZN moves this year into higher-margin businesses, abetting its considerable first-mover advantage. Together with AMZN's operating experience, supply-chain-management expertise, and Jeff Bezos' ability to manage the stock price, as well as the company, Amazon is likely to remain a winner well into 1999. Yes, when the Net market breaks, it's going to be ugly -- but a lot less ugly for AMZN than for the second- and third-tier Web-wannabes. Buy it and watch it. Closely." [ theStreet.com, 1/8/99, "25 Winners for 1999" ]

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