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


To: Glenn D. Rudolph who wrote (69438)7/25/1999 2:17:00 PM
From: John Donahoe  Read Replies (3) | Respond to of 164684
 
RE: I believe this definition to be inaccurate. A commodity is a product that is [easily and with minimal risk] interchangeable . The amount of competition is irrelevant.

If you edit your definition per above I would agree.




To: Glenn D. Rudolph who wrote (69438)7/25/1999 9:20:00 PM
From: Dwight E. Karlsen  Read Replies (1) | Respond to of 164684
 
What about GIA, EGL or AGS certified diamonds?

Means nothing to me, as I'm not a diamond expert. Neither are most people who are seeking that first diamond ring.

Besides, why would I want to buy a diamond off the internet, when there are at least a half-dozen jewelers who have established reputations in my metro area, having been in the business (and competing with each other) for dozens of years, sometimes for scores of years?

I still believe that diamonds, even in the finished form, are commodities, regardless of whether or not they are all exactly alike. Obviously I'm talking about the average diamond that goes in a ring or brooch here. And obviously you get what you pay for. As the price goes up, then the diamond is less and less of a commodity. Obviously the Hope Diamond is not a commodity, for example. But your $200-600 wedding ring diamonds are in plentiful supply, and many jewelers in the same metro area are all going to have plenty in stock for you to chose from. The very idea that Amazon wants to get in on this business points to it probably being a commodity. -GG- IMO.