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

To: Wizard who wrote (95173)	2/28/2000 9:36:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Well that is the beauty of diversification. Even if most revolutions fail; 1x losers and 10x+ winners will be fine with me. I am quite sure most of today's IPO's will go to single-digits in 3-5 years. However, my goal is to ensure that this forecast has very little to do with my own personal investment performance over the same period. Successful, innovative companies are born every year - they aren't doomed to failure or guaranteed success because of any historical macro-trend. Wizard, I agree with you entirely on this although it took me a some hard lesson to learn it. Amazon has excellent management. We differ here. Management at Amazon does excel at hype but real execution is failing in a major way. The is not enough retailing experience in the Amazon management team. It shows by the poor inventory management, poor advertising and far too many lost leader promotions. They are good at technology and knowing what drives their stock price but that does not make a retailer. Amazon is still a retailer at this point in time.