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To: NickSE who wrote (82881)	1/8/2000 3:31:00 PM
From: xstuckey	Read Replies (2) \| Respond to of 86076

I heard that the Man of the Year said Amazon wouldn't make any money until 2006. Go to your bank and tell your banker that when you want a business loan. Nick, Amazon never plans to go to the bank for a loan. If Amazon needs more money, they will go back to the stock market for it, and they will get all they need as long as revenues are growing. Then they will use that money to undersell everyone in the real world until no major players are left. Pretty clever model, if you ask me. I have no position in the stock, but I think that's the idea behind most of dot coms, and I don't see a hell of a lot their real world competitors can do about it. Of course, in the meantime, this business model is very non-inflationary. Best Trading, X

To: NickSE who wrote (82881)	1/9/2000 12:17:00 PM
From: NickSE	Read Replies (1) \| Respond to of 86076

Devalue America - or how an underwriter has done it to us again msnbc.com It's amazing, just amazing, what Wall Street's IPO sleaze machine has been getting away with in the current bull market. This week's example, An imploding Internet e-commerce stock called Value America Inc.... ...FIASCO NOT UNIQUE But before getting into what was really going on in the marketing of Value America, let us first step back from the particulars for a minute to say that the Value America fiasco is by no means unique. Rather, this is what more and more of the IPO market has become: a way for fee-crazed underwriters - among them many of the best known and most highly respected names in the business, to loot the vault of American capitalism. The scandal is not simply that the looting is occurring, though that is bad enough. More than that, the scandal in the situation is that this wholesale ransacking of the capital market is taking place in broad daylight for the whole world to see, yet the cops aren't even looking in the right direction. Instead, the regulators remain preoccupied with catching the Wall Street equivalent of petty thieves and hooligans, while men and women with seven- and eight-digit annual incomes have been rushing into and out of Wall Street's money vaults day and night, bags of booty dangling from their hand...