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

To: Jan Crawley who wrote (10129)	7/12/1998 7:58:00 PM
From: llamaphlegm	Respond to of 164684

Jan: As I think you can tell, I'm just trying to play devil's advocate and make sure we don't get sloppy. This was hardly my idea. nytimes.com July 12, 1998 Thinking Rationally as Internet Stocks Go Wild By KENNETH N. GILPIN t was a wild week on Wall Street for Internet stocks. But because many of these fledgling companies may be years away from actually making money, the sight of their stocks skyrocketing one day and plummeting the next is enough to make investors wonder if the Internet is paved with gold or just a high-technology version of the tulip craze. There is not much doubt that people who have been riding the wave this year have done well. The Interactive Week Internet Index, a group of 50 companies, has risen 46 percent this year. After hitting a record last Monday, the index retreated but still ended the week up 1 percent. Internet stocks have been good for managers like Paul Cook, a former director of information technology at Munder Capital Management in Birmingham, Mich., who now runs the Munder NetNet fund, which invests in companies engaged in research, design, development and manufacturing related to the Internet. ... Q. Your opinion on Amazon.com? A. I own Amazon. I used to be overweight in the stock. Now I am underweight. But I think they have a real opportunity to leverage their brand to sell not only books and CD's but cigars and wine, to become the supermarket of the Internet.