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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: Lizzie Tudor who wrote (57566)	5/20/1999 4:46:00 PM
From: Cap_Loss_Cfwd	Read Replies (1) of 164684

>>investments in premiere offerings... my favorite being homegrocer.com - a lot of potential there<< Michelle, stick with the ERP systems development. YOu obviously have not spent much time in the grocery business. The business model for homegrocer.com was originally developed by milkmen and door-to-door fishmongers (has anyone seen one lately?). The labor and distribution costs cannot make this work. Also, someone still has to have the bricks and mortar investment in warehouses and trucking. As for AMZN saving on shipping costs by having grocery delivery people take the books along at the same time, Bezos must have been smoking something that day. Is he trying to create his own UPS? Groceries is a business that looks great on the top line but which stinks on the bottom line. It always has and always will, except for the very high end boutique perishable operators, hardly the market that homegrocer will be playing in.

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