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To: Randy Ellingson who wrote (98395)	4/2/2000 11:09:00 PM
From: Glenn D. Rudolph	Respond to of 164684

They may be alone at the top (in some sense) by then, if these retail .com failures begin (or continue?) to prove reality. I do believe many of these retail.coms will be gone by then. I also expect larger efforts by older established firms coming on-line. My point is I do not see the competition really decreasing. Also, most firms that fold, were not doing much business anyhow. It should be interesting, at least. I agree because I never understood it. I think the next four quarters will explain the real situation that has had so much debate.