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

To: Randy Ellingson who wrote (78586)	9/26/1999 11:18:00 AM
From: John Donahoe	Respond to of 164684

Great Link Randy ----snippet---- “Today, economic value is best symbolized by exceedingly complex, miniaturized integrated circuits and the ideas — the software — that utilize them,” Greenspan said in a recent speech. The IC (Integrated Circuit) was the catalyst that paved the way for the "new era". Old engineers still remember using the ancient "Slide Rule" to perform their calculations. I owned a Post Versilog, the Cadillac of slide rules. It was made of bamboo and had to be periodically lubricated with talcum powder. Then came the HP35 IC based calculator which was considered to be a technological marvel at the time, costing $400. Big money in those days. ----snippet---- According to Nakamura, treating intangibles, including software expenditures, as investments — along with inflation's impact on inventories and depreciation — would mean that today's price-to-earnings ratios are only slightly higher than they were in 1972. Nakamura and other economists would like to see the Commerce Very bullish link. Hold onto your Tech Stocks, 2000 will be a blowout.