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

To: Randy Ellingson who wrote (72688)	8/8/1999 7:33:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Cisco to invest more than $1 billion in KPMG PALO ALTO, Calif., Aug. 8 (Reuters) - Cisco Systems Inc. <CSCO.O> said it plans to invest more than $1 billion in consulting firm KPMG LLP, with which KPMG will hire 4,000 service professionals and engineers over the next 18 months to help their clients roll out Internet-based communications services. Doug Wills, a spokesman for Cisco, the No. 1 maker of computer networking equipment, said on Sunday that a news release will be issued on Monday announcing the transaction between the two firms. To provide services focusing on telecommunications and big-business markets, KPMG said it plans to build six centers that will work with Cisco salespeople and will provide additional support to San Jose, Calif.-based Cisco customers. "We chose to make an investment in KPMG's consulting business because KPMG understands how the Internet will reshape the future of all businesses," said John Chambers, president and chief executive of Cisco, in a statement. Cisco, along with Lucent Technologies Inc. <LU.N>, Nortel Networks <NT.N> of Canada and other data networking and telecommunications equipment companies are racing to develop next-generation communications gear that will transmit data, voice and video using Internet Protocol, the lingua franca of the Internet. By the same token, Cisco's Chambers has said in the past that the companies that develop partnerships and alliances with fast-moving companies will be the best positioned to exploit growth opportunities afforded by the rapidly growing Internet. "We believe that this relationship with Cisco will further enhance our ability to meet the challenges our clients face in this rapidly evolving new economy," said Stephen Butler, Chairman and Chief Executive of New York-based KPMG, in a statement. In this case, Cisco will provide the hardware while KPMG will offer the support, services and software needed to move business functions such as sales tracking, procurement and others onto the Web. Companies such as Siebel Systems Inc. <SEBL.O>, Oracle Corp. <ORCL.O>, Vantive Corp. <VNTV.O> , Clarify <CLFY.O> and SAP AG <SAP.N> of Germany provide software to help firms automate their businesses and integrate them with internal Web-based networks and also linking with customers and suppliers via encrypted transmission over the Internet. KPMG said that the demand for Internet-based communications is strong worldwide. To that end, KPMG consultants will also target its partnership with Cisco at customers in Europe, Asia and Latin America. Cisco and KPMG said they expect to close the transaction in September. REUTERS Rtr 17:55 08-08-99

To: Randy Ellingson who wrote (72688)	8/9/1999 2:00:00 AM
From: GST	Respond to of 164684

Randy -- the strange thing about AMZN stock is that is a decaying investment because it is speculative. As with an options contract, people may chose to pay a premium for the chance to win big -- and it is hard to know the outcome of the bet. And just as it is with an options contract, over time a stock like AMZN faces the real chance that things will be far less rosy that optimists project. With each passing month and year the future growth potential will probably be revised down and the awesome premium commanded by stock will be eliminated -- rendering the stock virtually worthless -- as is the case with the premium on a leap if things don't pan out. This is speculative stock. Buying, holding and waiting stands a good chance of losing you your money -- just like buying an option you stand to lose your money. Waiting five years does not solve this problem.