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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 (59937)	6/2/1999 1:03:00 PM
From: Robert Rose	Read Replies (1) of 164684

<I don't like cmgi really, compared to some others. Of course no one agrees with me but what else is new? The entire publicly traded VC concept is a little tenous in my mind.... its a good thing but what happens in a declining market? > Let's put things in perspective. Yes, CMGI's beta is extremely high at 2.83. I remember reading that that places it in the top 5 (publicly traded?) stocks by that measure. But one cannot argue re: reward. With the possible exceptions of EBAY and GNET, it remains my best performing holding. As I got in at less that $10 split-adjusted in 5/98, the stock climbed an incredible 16-fold before declining to its current 8-fold level. I will take that, thank you <g>. CMGI is an opportunity for us little guys to get in on the VC thing. The stock is my largest holding.

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