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

AMZN 247.35

+0.4%

Jan 9 9:30 AM EST

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To: Olu Emuleomo who wrote (48672)	4/1/1999 5:43:00 PM
From: Bill Harmond	Read Replies (4) of 164684

Olu, I'm aware of the charts. SAP looks the same. I thought Documentum (at 16 down from 60 or whatever) was low enough. We agree that business has slowed. I just think it's cyclical because of Y2K. Some companies in this space may disappear if they don't webify their products, and that is another issue. Siebel isn't anywhere near these two dangers. That's why the stock keeps making new highs. I'm sure they would be higher if the sector weren't out of favor, but I'm not selling it because other companies in its sector are hurting.

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