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

To: KeepItSimple who wrote (67326)	7/12/1999 5:55:00 PM
From: Rob S.	Respond to of 164684

Yea but this time it's different! ; ^)+= This is the wondrous Internet, the dream of the new milenium. It is revolutionizing the way we do everything and the companies that use it first will always be allowed a sacred position in which profits are heaped on them without limitations of mortal companies rooted in this world. You have to remember that Amazon has long ago located on Bizarro Internet World where the centuries old rules of business do not apply. Such things as the ubiquitous nature of Internet technology, limited barriers to entry, consumer rather than broadcast driven merchantalism, and other factors just have no place in the reality of Amazongonenutty.com on Bizarro Internet World!!! So get off this petty logic of the by-gone era of the past few centuries and get with the new paradigm: 1] Increasing losses are a sign of enlightened management. 2] The Internet will grow geometrically forever. 3] Giving $5 in freebies and merchandise for $4 makes better business sense than making a positive net margin. 4] Competition will dry up and conventional retailers will just cower into oblivion at the mere mention of Almighty Amazon!!! You and I need to go to work for amazon and get trained in the new paradigm - 'quadrupple think'.

To: KeepItSimple who wrote (67326)	7/12/1999 7:06:00 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164684

Is there an industry of "telephone companies" who act as middlemen between large retailers and their customers? No. Telephone companies offer little to the communication equation. I can't sit down at a phone and easily help myself to information on You-Name-It. OTOH, the Internet and the places on the Internet where people spend the bulk of their time have found ways to make themselves remarkably useful. The "telephone companies" you refer to above are able to supply a dialtone, and ultimately a connection. What's so hard to understand here? Sure, the Internet is great, and sure, Internet companies have lofty valuations. The valuations are not currently inappropriate in the eyes of the market. We'll just have to wait and see where the YHOO's and AMZN's stock prices are in 2, 5 and 10 years. In the meantime, as Ace Greenberg was apparently known to say, "markets fluctuate". Randy