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

AMZN 229.55

+0.2%

Dec 5 9:30 AM EST

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To: Jing Qian who wrote (51142)	4/18/1999 9:15:00 PM
From: Proud_Infidel	Read Replies (1) of 164684

Re:Things like valuation, P/E will probably clobber your vision. Companies operating on the new medium are breaking and changing all the old rules. In the ST you are correct. However, over the LT, earning matter regardless of what the street currently says in regard to net stocks. These issues are bubbles in search of a pin. BK Disclaimer: I am neither long nor short any net stocks but am amazed (and frustrated) at the valuations they are now giving book sellers.

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