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

To: Victor Lazlo who wrote (109509)	10/4/2000 12:08:42 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Anyone with a brain cell saw this coming a long time ago. These people running many of these retail web sites are slime balls, everyone knows that. Victor, I cannot agree more in my opinion.<I do not want to be slimed<G>) I have never seen more people cash out more dollars from insider stock sales than what has occurred during the last few years. The worst culprits have been those involvedc in B2C e-tail. Specifically, Amazon. I hear about innovation and how these people that are involved in these firms are changing the way the world does business. The real technology was not develped by the B2C people. It was developed by other software firms. I am running a site and I know little if not almost nothing about HTML and various other scripting issues. It actually eats at me to see Bezos cash out $50 million from a company that has literally burned $2 billion dollars. Joy Covery, an accountant, cashed out around $18 million I believe. As far as I know, she did not even invest any start-up capital. She did not invent accounting. If anything, she cause other firms to follow her path of ignoring GAAP. Then there are the KP partners. Yes they took some risk and the reward should be selling stock from a company they funded that is making a good return on invested capital. Dr. Koop cashed out $5-$8 million from koop.com. KTEL insiders made a bundle when they took that money losing firm on-line. I believe they are delisted now. I did nto check. They all annoy me. At least the money losing firms creating software and hardware for the internet and to help increase efficiency are providing new technolgy for the future. I can hack that a little. This B2C e-tailing this is totally crazy. Glenn