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

AMZN 220.66

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Nov 21 9:30 AM EST

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To: Rob S. who wrote (51647)	4/20/1999 11:01:00 AM
From: John Donahoe	Read Replies (1) of 164684

RE: IBM Research Institute, Aurthur Anderson, GA TEch Grad dept. and others that conclude that competition on the Internet will inevitably become severe This statement, if my understanding is correct, implies that competition is not now severe but will become severe in the future. Did those reports address the issue of Branding? First mover advantage? The establishment of Internet Gorilla's? Networking effects. The ability to gain and hold a huge customer base that makes their purchasing decisions on service and trust and not only on cost? And last but not least, superior management.

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