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

AMZN 232.38

+0.1%

Dec 24 12:59 PM EST

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To: Glenn D. Rudolph who wrote (52942)	4/27/1999 10:28:00 AM
From: Sarmad Y. Hermiz	Read Replies (2) of 164684

Glenn, I hope Michelle can comment. I did not read dclk's report. But it is down 20 pts. DCLK is the king of internet advertising. Does this mean advertising is not working out as bulls hoped ? Many have said ad cancellations are occurring and renewal rates are dropping in price. I have no independent way to verify. I have a short position in yhoo based on the assumption that ad revenue is saturated. Now much of the internet optimism is based on free access based on ad rev. If that assumption is failing. The the optimism re Web revenues will fade. This is only my opinion. I wish I had some facts. I don't. But my yahoo short is working out well at the moment.

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