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Non-Tech : E*Trade (NYSE:ET) -- Ignore unavailable to you. Want to Upgrade?

To: X Y Zebra who wrote (7181)	6/16/1999 1:49:00 AM
From: Spytrdr	Read Replies (1) \| Respond to of 13953

my friend Billetes: AMZN is one of my core holdings, i bought a huge chunk on november 98 at $ 60, sold half during the january blow-off top to $ 199 (i didn't hit $ 199, sold around $ 160), the rest is "FOREVER". CMGI is another of my core holdings, i bought a big stake in december 12, 1998 at $ 17 (yes, $ 17...), sold more than half during the unbelievable run-up it had this year. EGRP i bought in november of last year too, i got them very very cheap, and don't intend to sell any time soon. in fact, i've been increasing my position every time i could. if i had to choose just one stock in the whole US market to hold for the next 5-10 years, it would be EGRP, in fact, it is EGRP.

To: X Y Zebra who wrote (7181)	6/16/1999 2:07:00 AM
From: Spytrdr	Read Replies (4) \| Respond to of 13953

Amazon's most valuable asset, in my opinion, is their database of CUSTOMERS' SHOPPING PREFERENCES. the information they are gathering on each and every one of us is frightening, and as the product lines they carry gets broader, their knowledge of our tastes and preferences will increase too. they will be able to target each individual customer with very direct marketing and personalized offers. i don't know how any "brick and mortar" retailer will be able to match that profound *knowledge of their customers' tastes" Amazon will have... and Amazon absolutely RULES on the web.

To: X Y Zebra who wrote (7181)	6/16/1999 9:11:00 AM
From: Spytrdr	Respond to of 13953

Amazon, Sotheby's to join Internet retailer hammers deal with famed auctioneer to launch upscale auction site June 16, 1999: 8:59 a.m. ET NEW YORK (CNNfn) - Amazon.com, the world's biggest Internet retailer, is joining famed auctioneer Sotheby's Holdings Inc. to create an under-the-hammer online site for upscale art and collectible items, the companies said Wednesday. As part of the agreement, Amazon will buy 1 million shares of Sotheby's Class A stock for $35.44 a share, and an additional 1 million three-year warrants at $100 apiece. That brings Amazon's total investment in Sotheby's to $45 million, amounting to roughly a 1.7 percent stake in the world's No. 2 auction house. The unprecedented arrangement marks the staid 255-year-old auction house's first foray into online bidding. Sotheby's dates from 1744 and is known for its spectacular, multimillion-dollar auctions of prized art and rare collectibles, as well as its staff of experts and appraisers. Amazon, by contrast, was founded in 1995 on the democratic premise prevalent with e-commerce that anyone with a computer, a modem and a credit card can purchase goods and bid on objects online, regardless of social or financial status. Amazon and Sotheby's will offer items such as rare coins and books, sports memorabilia and post-1945 collectibles through a jointly run site with the address sothebys.amazon.com. Amazon Chief Executive Jeff Bezos said the link with Sotheby's (BID) should create the first auction site with guaranteed authentication and alleviate the growing problem of authenticity on the Net. "We plan to make this the most trusted and popular online auction site," Bezos said. "In the world of valuable objects, a big problem with online auctions has been authenticity. Who better to help solve that problem than Sotheby's?" News of the joint venture comes only two months after the Seattle-based online book store paid an undisclosed sum for LiveBid.com. That deal gave it ownership of proprietary software, which allows the broadcast of real-time auctions through the Internet. At the time, Amazon (AMZN) said it planned to ally with traditional auction houses. It also comes at a time when online bidding is swirling in controversy. e-Bay (EBAY), one of the better known online auction sites, was forced to shut down its online auction site twice in June due to server problems and conflicts with the redesign of its Web site, prompting the company to announce it will post lower-than-expected