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

To: Victor Lazlo who wrote (127302)	6/27/2001 10:17:51 AM
From: Skeeter Bug	Respond to of 164684

>>So amazon is surely taking down other retailers with it.<< one problem common to a massive misallocation of capital.

To: Victor Lazlo who wrote (127302)	6/27/2001 11:58:37 PM
From: Glenn D. Rudolph	Respond to of 164684

Are you familiar with Tower Records? National chain 130 stores or so,- they are in financial trouble and may not make it. They blame online competitors, AMZN primarily. So amazon is surely taking down other retailers with it. I was not aware of Tower Records financial difficulties. This is too bad when capital is placed into the hands of incompetant management in my opinion and used to sell product for a loss for years. Tower Records was/is a well run firm but I am sure selling their products at a loss is not going to make good business sense. My opinion is the damage Amazon has caused to so many working people and in the long run to consumers, is huge. If they were a foreign firm, our government would place a tax or embargo on their products since they are dumping them below cost to remove competitors. See the steel industry.