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To: Glenn D. Rudolph who wrote (80963)10/17/1999 3:06:00 PM
From: Bill Harmond  Read Replies (2) | Respond to of 164687
 
The American economy is strong and resilient because its free markets allow creative distruction. Someone is always getting killed off, and the survivor is usually someone better-capitalized, better-managed, or better-located.

The emergence of the Web as a business platform now adds huge new threats and opportunities to the scene. Commerce as war has escalated. What I find most interesting is that many of the largest and most entrenched winners from the pre-Web era are suddenly saddled with some of the largest and most entrenched disadvantages.

It reminds me of the profound (and ultimately dire) situation the Venitians faced by the circumnavigation of Africa.

As Warren Buffett told us at May's annual meeting, with all the excitement about the opportunities not enough attention is being paid to the threat the Internet poses to existing investments.



To: Glenn D. Rudolph who wrote (80963)10/17/1999 4:13:00 PM
From: H James Morris  Read Replies (2) | Respond to of 164687
 
Glenn, this is a couch day for me so I went to your web-site, and I liked it.Imhop you need to add some improvements, but I'm impressed that you've made an individual effort.
First, I'd spend a thousand $bucks and bring in a professional. You need to add some glitz, and bring in some GUI. You can also partner with some of your peers and I think you'll find some Jeweler co-op content is easier to find than you think.
I'm doing the same at Flex behind the screens, but I'm pretty much leaving it alone right now as far as our current customers are concerned. Because at least we're functional.
Re:Your son. Don't worry. I have a friend of mine Alvin Goldfarb. He, and his sons are probably the most successful independent Jeweler in the state Washington, and they only have one store. Being in Bellevue (near the Msft campus hasn't hurt either).
I don't think that he worries about Amzn or Wal-Mart either.
He lives in a million $dollar + condo on Lake Washington. Near Gates and Bezos.
He continues to teach his son's the old fashioned way because he wants them to become $billionaires, like everyone else is here in Seattle.
It's a pity that you didn't start your business in Seattle,Portland,SF (SV) or Orange county. If you would had 12 years ago, you could buy out Bezo tomorrow, or leave it until next year, after his stock gets substantially less expensive.;-)
Ps
Tomorrow I go short. I only currently have Phcm short. My short list is in this order is, Pcln,eBay,Amzn(hedged),Aol, and not Yhoo,or Csco.