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

To: Lizzie Tudor who wrote (64799)	6/27/1999 1:15:00 PM
From: BGR	Read Replies (1) \| Respond to of 164684

To everyone following Inets, This week's Economist has a special section on eCommerce etc. A must read IMO. -BGR.

To: Lizzie Tudor who wrote (64799)	6/27/1999 2:33:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Glenn, it just happens I am reading a book on Buffett right now and one of the things he looks for in management is "candor". Sure would be nice if we had some candor here from Bezos, then we would know whats going on! Of course the other side is they don't want the competition to copy their biz model, so there you go. Michelle, I am in favor of candor. The concern about being copied is meaningless since that would happen eventually. The most successful will be the one with the best execution. I am not a fan of the AMZN secrecy. My take on what amazon is doing .... (a guess).... they will separate their products into heavy goods and other. Heavy goods are appliances and high $$ value... furniture, electronics etc. Other are cheap things like books and toys. Books and toys get one warehouse in one part of the country and whatever you order comes from there. This is the most efficient system for inventory. Heavy goods also go to one warehouse but it is the regional warehouse closest to their manufacturing facility. So say, all maytag appliances on east coast somewhere, Whirlpool tennessee or whatever. This approach will save them from moving Whirlpool to Nevada for shipping and then back to Tennessee if a customer orders one. This makes sense to me. Sears has these major aplliances sitting in thousands of stores around the country. Not efficient. That is a lot diferent than books. Shipping books costs far less:-) Glenn