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

To: KeepItSimple who wrote (76734)	9/6/1999 10:55:00 PM
From: Eric Wells	Read Replies (1) \| Respond to of 164684

More Insider Selling Stats - MSFT, INTC, IBM, etc. KIS - I wrote a VB app that made the task very simple (the app reads data from MSN and pumps it into a spreadsheet). So, it was really no trouble (I wanted to see the data myself anyway). I'm going to send the stats to a contact at TheStreet.com to see if they have any interest in publishing the data in a story. If so, I will request that you receive mention for the idea (let me know if you would like the mention to be something other than 'KeepItSimple from Silicon Investor'). I'm not certain what conclusions could be drawn from the data. The most immediate conclusion would be that insiders are dumping shares of internet companies as fast as they can - showing an extreme lack of confidence. But it is possible that VCs and investment banks generally sell off large portions of their positions soon after IPO. Of course, you can't really say the action in AMZN or YHOO qualifies as being "soon after the IPO". Even if these stats do become well known - I'm not certain they will have much impact on swaying people's opinions of these stocks. Fundamentals have never been important with these stocks - and so why should it be important if "insiders consider fundamentals important"? Bubbles are not built on any rational thinking. More data - the table below provides similar stats for a random selection of "established" high tech companies. As is indicated in the tables, proceeds from insider selling in these companies is dramatically lower when compared with revenue and profit than the previously listed DOT companies: Ticker Insider Rev Inc Ins/Rev Ins/Inc MSFT $3,918 $19,000 $6,940 0.21 0.56 INTC $190 $28,200 $7,370 0.01 0.03 CSCO $421 $12,100 $1,940 0.03 0.22 DELL $2,499 $21,700 $1,590 0.12 1.57 MOT $27 $30,200 $563 0.00 0.05 COMS $87 $5,770 $403 0.02 0.22 IBM $114 $87,400 $7,700 0.00 0.01 CPQ $108 $38,500 $970 0.00 0.11 Total $7,365 $242,870 $27,476 0.03 0.27 Thanks, -Eric Wells

To: KeepItSimple who wrote (76734)	9/6/1999 11:56:00 PM
From: H James Morris	Respond to of 164684

>>Maybe when those retail investors see the cold hard numbers, << Kis, until this mania ends which probably won't be till the end of this year. Just keep buying. Stop looking for shorts! You and I made a ton in MP3! Would you believe I'm getting back in again? Please, please! Don't let this mania end until Jan 1 2000!! Have you ever heard of a slut called H&Q? >>September 5, 1999 The stock of MP3.com has been more than halved, but Daniel H. Rimer of Hambrecht & Quist in San Francisco says MP3.com "isn't about a cultural phenomenon." "This is about a revolution that will bring profound change to the recorded music industry as it exists today," the analyst says. Rimer has a buy on the stock. Once a pastime of computer geeks in college dorms, MP3.com "is now one of the most searched terms on the Internet today, in many cases outpacing both hotmail and sex," Rimer says. "MP3.com has created a viable business model through an innovative system of music promotion and distribution that serves both artists and consumers in a way that has never been done before." The company will lose 47 cents a share in 1999, then lose 9 cents in 2000 before turning a per-share profit of 16 cents in 2001, Rimer predicts. Revenue will zoom from $13.9 million to $144.4 million in that period, the analyst says.<< Ps Kis, the mistake that I made on Mot, was not one single pimp has downgraded it.