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

To: Olu Emuleomo who wrote (62357)	6/14/1999 11:19:00 AM
From: GST	Read Replies (2) \| Respond to of 164684

Olu -- pretty serious volume on AMZN. I think the real selling has begun. Support could be breached repeatedly.

To: Olu Emuleomo who wrote (62357)	6/14/1999 11:26:00 AM
From: Rob S.	Respond to of 164684

The net stocks have rebounded off their lows of this morning. Greenspan's comments to Congress can be taken positively for information sector and Internet stocks. Greenspan attributed the continued gains in US productivity to them. Despite some standard words of caution that it can not be predicted how long this trend will continue, the tone of the speech and answers to questions was favorable, IMO. However, there is no question that the fed is oriented toward raising rather than lowering interest rates in the near term. The increase in productivity and restructuring of sales and distribution channels spawned by IT and the Internet will be the first or second factors in determining inflation over the course of the next several years and particularly the next few. The net effect (pardon the pun) of the Internet is to increase product information flows and price competition, thus lowering inflation. It also leverages skills and assets more effectively to reduce the capitalization needed to carry out business. The net effect is to reduce the time and amount of inventories needed, reduce the time to market for new products, and reduce the overhead needed to do business. Sounds great for Amazon? Yes, but IMO, it also increases the breath of the market and facilitates competition.