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

To: Don Westermeyer who wrote (999)	12/17/1997 6:57:00 AM
From: John May	Read Replies (3) \| Respond to of 164684

Don posted this a couple of days ago. I'm reposting because I think it's such an important article: pathfinder.com What struck me was the following: Doerr: ". . . what's more important than the situation in Asia is the fact that new Net businesses, especially those involving transactions or commerce, are growing ahead of everybody's expectations. The potential here is at least three times what the personal computer's was in the early 1980s. So I believe that we're at the very beginning of a very, very long-run phenomenon that will be a much, much bigger deal than the PC. . . . not just Internet companies, but Internet commerce companies . . . the Web changed everything, and the changes have just begun." Meeker: "E*Trade has $8 billion in customer assets. Amazon has more than a million customers; they basically had zero customers two years ago. We haven't seen that kind of growth for any business that I can remember." The point is "ahead of everybody's expectations" and "bigger deal than the PC." This is reminiscent of Bill Gates' The Road Ahead in which he likened the advent of the Internet to the discovery of the printing press. It seems to me that investing in the future of Internet commerce is an important long term strategy for any portfolio. Good article, Don. Thanks for pointing it out. I'm long AMZN! And long term.