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

To: Bill Harmond who wrote (104210)	5/27/2000 1:37:00 AM
From: Sarmad Y. Hermiz	Read Replies (1) \| Respond to of 164684

>> It's the parable of the sower and his seeds. It's creative distruction. It's survival of the fitest. It's capitalism, Sarmad. We can go through a whole list of companies, especially in technology, that have died away. That's the chance investors take. << Ok the latter sentence is exactly what someone like Eric Wells would say. So now I go back to earlier post from you today: "It's all about ones vision of the future and how to discount it back to some present value." What the just above sentence is missing is the modifier "adjusted for risk". So obviously as any intelligent person (and I mean that sincerely) you've seen stocks go to zero (my APM went to zero, rdrt is close, vmix is close, wdc got close but is doing better now). If I put your two statements together, I have to temper the valuation of amzn with the chance that they may make $100m in profits, or they may go to zero. I and others think you're not allowing any adjustment for the zero part. What GST would say (I think he's in Malaysia this week and out of touch) is that what you've seen lately is the market making the zero adjustment for you. I personally think there is another $trillion of zero adjustment in the nasdaq and it will take it down below 3000.

To: Bill Harmond who wrote (104210)	5/27/2000 6:22:00 PM
From: Glenn D. Rudolph	Respond to of 164684

We can go through a whole list of companies, especially in technology, that have died away. That's the chance investors take. William, There are far more failed business than successful business. Not necessarily in the public sector although that may be true there too. There is a well traveled road nearby the shopping center where one of my stores are located. There is a bulding on this road that was designed as a service and fueling staion years ago. The problem with this building is its access and the fact the foundation has slid down the side off the road making it more difficult to noitce. I believe I better get to my point. Many years ago the fuel station closed. A private individual decidied to open a used car dealership but it failed and closed. Soon thereafter, someone tried to open just an auto service center and it failed and close. Then someone opened a spa a pool sales place there and it closed. Then a tire store opened there and it closed. There were more stores that failed there since then but just recently another used car dealer opened there and I gurantee they will fail and close too. Each of these stores were funded by private money from individuals. Their intent was never to scam anyone but they believed they could make a living there due to the low rent. One may argue these are not brightest individuals in the world but they are middle class USA. If they were using public funds and failed, it would not have been a scam. Glenn