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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 233.99+0.3%10:57 AM EST
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To: Bill Harmond who wrote (47948)3/29/1999 7:03:00 PM
From: Greg Peckton  Read Replies (2) of 164684
 
William, this is the moment of truth for you, sir. You either like EBAY or like AMZN. You can't have both. The threat from AMZN to EBAY is real. YHOO auctions were flawed from the very beginning. Nobody goes to YHOO to buy anything. But people go to AMZN to buy stuff. That was the good thing going for EBAY, people come in to buy, and buy they do.

Remember, the people who buy and sell on EBAY are very finicky and internet savvy. They DO NOT hold any brand loyalty to EBAY. The reason why they are there is because of the massive user base. AMZN is saying it will provide a bigger one. That's all. And that is what the buyers and sellers (especially the sellers) are looking for. The threat is *real*. The users of EBAY would change over to AMZN in a NY second if AMZN can promise them a bigger user database.

And, finally, this the real reason why you should decide either on AMZN or EBAY. If AMZN fails in upstaging EBAY in the online auction, then it is going to fall. Big time. You see, the reason why people keep betting on AMZN, I think, is because of its leadership. Not profits. AMZN has NOT lost yet. It leads the books online. It beat CDNW in the CD sales. It most probably will be a leader in drug sales. And now online auction. AMZN cannot afford *not* to beat EBAY. It will have to get the leadership position. EBAY might still survive, but it will be #2 or #3.

Just my thoughts. I am betting on Jeff Bezos. What about you?
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