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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: Sarmad Y. Hermiz who wrote (62005)	6/11/1999 6:24:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

I wonder how the Terayon shorts felt about "trading the range" this week. Be careful. This has become a highly-emotional market, the deliberately-fed rumor mill is in high gear, and it can whipsaw you quickly.

To: Sarmad Y. Hermiz who wrote (62005)	6/12/1999 11:41:00 AM
From: Rob S.	Read Replies (3) \| Respond to of 164684

That's what I figure . . . Amazon and every uncle's son is gearing up for next Christmas which should, for the first time, become "significant" in terms of impact on total retail sales figures. Doing a little off-the-cuff thinking about this, I came up with this observation: Last Christmas ecommerce retail sales were about 1.5% of total retail sales. That amounted to billions of dollars and was certainly remarkable growth for a new "industry". But from the perspective of the actual impact it had on brick and mortar and catalog store sales, it was not very significant. On the average, retail sales increase something like 3%-4%. On a good year it might be 6%-7% and on an off year it might be marginal or zero. Ecommerce sales should reach 4%-5% of total retail sales during this Christmas season. So, while still relatively small compared to the total number, the gain over last year should at least equal the average annual growth of retail sales. By next year, traditional sales channels will be in an actual rate of decline as the Internet will have absorbed all retail economic growth and started to cannibalize ongoing sales. I think that when that happens, it will be a real wake up call. After all, America is a country of merchants, with the highest percentage of people being employed in retail and service industries. By next year, the Internet will start to create changes that are felt rather than just theorized about.