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

To: the Druid who wrote (869)	11/26/1997 9:13:00 AM
From: Oeconomicus	Respond to of 164684

Either he's been having an ongoing conversation with himself, so none of us can understand because we missed the point he is answering, or he accidently hit the delete key several times and trashed whole chunks that would have enabled the rest of us to understand. Bob PS: AMZN short interest rose by 8% in the last month to 2,145,400 shares.

To: the Druid who wrote (869)	11/26/1997 10:25:00 AM
From: Don Westermeyer	Respond to of 164684

Don't pay too much attention to that guy. He's just been riding the internet wave and doesn't usually offer any useful insight. It was funny he was hyping ONSL just before it tanked big time. I suppose when you right a daily column about one topic there are many days all you can one can do is ramble on.

To: the Druid who wrote (869)	11/26/1997 6:42:00 PM
From: John May	Read Replies (2) \| Respond to of 164684

Druid, the writer's name is Steve Harmon. I emailed him to come over and explain his comments. Regarding AMZN, I think he was saying that the company's commercial success is being studied closely, as well it should be. Regarding Internet stocks, I think he's suggesting that the market is valuing them based on traditional approaches - "old school" financial recipes - but the Internet is not a traditional thing. He has a point. The Internet is a paradigm shift and traditional methods of evaluating may not be accurate. Amazon is a good example. There are posts that bemoan the absence of profit or the high price-to-sales ratio, but they lose sight of the fact that it was impossible for traditional retail to go from zero to $1billion in revenues in a mere 5 years, as AMZN is on track to do. It is incredible. Amazon has achieved 2/3 the market value it took BKS a hundred years to achieve. If you're short, be vigilant; it's like shorting the future.