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

AMZN 222.69

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Nov 19 3:59 PM EST

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To: Glenn D. Rudolph who wrote (56401)	5/11/1999 11:44:00 PM
From: Rob S.	Read Replies (2) of 164684

Remember Amazon's purchase of PlanetAll last year for about $200 million in stock and options? Of course, that valuation has doubled since then to over $400 million. Not chump change for a company that still has not likely made any money and has meager revenues. Now it appears that similar on-line Personal Information Managers or Web PIMS have cropped up all over, some of them offering more advanced features than I have seen at Planetall. These include being able to sychronize PIM data with a Palmcorder or laptop PC. A recent Infoworld article reports: infoworld.com <<A crowded field Simply put, online calendaring has exploded since the beginning of this year. Because it's a relatively simple application to code in HTML, CGI, and other Web languages, dozens of companies large and small have put together free calendar sites (often providing address book and to-do functions as well), hoping to sell ads against the page views. >> Hmmm . . . it seems Amazon might have paid just a bit too much (like about $180 million) for a questionable capability and one that has quickly become a commodity. It's only investor's Amazongonenutty.com bucks so it really doesn't matter anyway.

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