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

To: Randy Ellingson who wrote (110478)	10/14/2000 12:35:18 PM
From: Eric Wells	Read Replies (2) \| Respond to of 164684

Alan Greenspan seems to think things are different Randy - long time no talk - hope you are well. Certainly with each new technological and scientific advance, things become "different" - such advancements allow us to unlock the potential to become more productive, to do things we could not do before. But some things don't change. And one thing that I believe doesn't change is the premise that a company must be profitable to survive. The recent stock price movements of AMZN, PCLN, CMGI, ICGE, DCLK - and many others support this premise. These are all stocks that have been highly touted on this and other threads in the past for their ability to do things "differently" - to execute certain business processes at a higher level of productivity and efficiency. Yet, in truth, these companies have not yet proven that they can perform such business processes more efficiently - because the efficiencies they've demonstrated to date have come at a cost that has eaten away at their profits. And the market has given these companies quite some time to prove themselves. And that brings us back to the premise that doesn't change: unprofitable companies don't survive. And while many investors have ignored this premise during the past two years - they're giving it a lot more credence today. Thanks, -Eric