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To: Lorare who wrote (68695)	7/21/1999 9:40:00 PM
From: GST	Respond to of 164684

Lorare: The action has shifted to Asia. Wednesday July 21, 9:04 pm Eastern Time HOT STOCKS-Japan: Softbank Corp, Itochu Corp TOKYO, July 22 (Reuters) - The following stocks are on the move on Thursday: 0059 GMT - Softbank Corp , up 1,690 yen or 5.81 percent at 31,700 after Lehman Brothers said on Wednesday it had raised its 12-month target for its share price to 50,000 yen from the target of 41,600 yen set on June 7. 0049 GMT - Itochu Corp , up 5 yen or 1.3 percent at 395 in the heaviest volume of the early session. The company on Thursday announced plans for a joint venture with companies including Microsoft Corp (Nasdaq:MSFT - news) and Dai-Ichi Kangyo Bank to offer Internet brokerage services from October.

To: Lorare who wrote (68695)	7/21/1999 10:54:00 PM
From: Jeff Dryer	Respond to of 164684

>Interesting you're mentioning 1996. I remember 1996 too. That's when >AOL was bleeding losses, and the fashion on SI and AOL was to >belittle any AOL shareholder for their extraordinary ignorance, if >not insanity, for investing in a company so sure to go bankrupt Very good perspective on the situation... You're right. There was a popular message board started on SI August 1996 titled "America On-Line: will it survive ...?" Since then, AOL has more than 10 folded. I don't know if there is a parallel between AOL and Amazon's fate... lots to consider. One thing is for sure ====> there is much more competition in the online space than there was 3 years ago. AOL either acquired its competition (Compuserve) or drove it out of business (Prodigy). Amazon's competitive challenge is much greater than AOL's.