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

To: GST who wrote (69811)	7/26/1999 8:03:00 PM
From: hsg	Read Replies (1) \| Respond to of 164684

I agree that the panic selling may not have yet begun...if it does come, all these so called investors will run for the hills, as they have done throughout history...if the market falls much further (say 25%, the negative wealth effect will slow down spending which will hurt the revenue growth of the nets) we could see a major meltdown in the stocks with no earnings...(followed by consolidation...we could see Walmart buying AMZN under conditions like that)...hmmm, scary, but to avoid the net sector altogher would be to miss the boat completly...got to find some kind of a lifejacket (ABX?)...

To: GST who wrote (69811)	7/26/1999 8:47:00 PM
From: Jerry A. Laska	Read Replies (2) \| Respond to of 164684

GST, Yahoo owns 34% of Yahoo-Japan according to 10q filed may of 1999: <<NOTE 8 - INVESTMENT IN YAHOO! JAPAN During March 1999, Yahoo! Japan Corporation ("Yahoo! Japan") completed a secondary public offering. The Company invested an additional $5.9 million in Yahoo! Japan common stock in order to maintain its 34% ownership. At March 31, 1999, the carrying value of the investment was $9.0 million and is recorded in other assets. The fair value of the Company's investment, based on the quoted trading price, was approximately $491 million at March 31, 1999.>> Softbank also does not have any ADR's and only trades (according to Softbank homepage) on the Tokyo stock exchange. softbank.co.jp Jerry