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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: H James Morris who wrote (36329)	1/24/1999 11:00:00 AM
From: H James Morris	Read Replies (1) of 164684

Why we all love Uncle Al latimes.com >>Yes, there are "bubbles." Internet companies such as Yahoo, Amazon.com, EBay and others have ballooned to incredible prices on trading by eager investors. But professional investment managers for pension and mutual funds say that even the best of the Internet companies are priced at four times any values that might be realistic. What will happen when reality dawns? When the Internet stocks tumble, as they began to do last week, will that send the wider stock market into a nose dive? Probably not. Major institutional investors by and large are not in the Internet stocks. They'll have no reason to panic when they fall. .

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