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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 224.63+0.9%10:22 AM EST
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To: Glenn D. Rudolph who wrote (43636)3/3/1999 6:44:00 PM
From: Rob S.  Read Replies (1) of 164684
 
Both Wal-Mart and Costco took advantage of a major trend (or trends) in American consumerism. Part of that strategy was to build lots of stores and to lower the cost of purchasing, distribution and displaying the products. What the investment in physical stores bought them was a position that could be defended. When Wal-Mart or Costco does business in an area, it often dries up demand and smaller stores.

All this is a fine discussion but what really matters is investors perceptions - and that is still controlled by the mantra of "growth, growth, growth".
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