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

To: epicure who wrote (10250)	7/14/1998 12:57:00 AM
From: umbro	Read Replies (1) \| Respond to of 164684

The Time article must've been the gun powder, but only if it hit the stands at 3PM ET. :) Here's an excerpt with the main part of the article centering on Amazon, and Bezos. The full article is worth the read, it gives a sort of non-technical feel for how the Internet is perceived by the public. I'm sure you'll find both this article and the Wash. Post piece in the next version of the AMZN investor kit. :) [ source: pathfinder.com ] Few businesses illustrate this sort of generational corporate conflict better than the book-selling industry. If you want a snapshot of the e-economy, 1998, you could do worse than Jeff Bezos, the founder of bookseller Amazon.com. One day last week, as his stock price rose and fell with typical volatility, he stalked through his shuttered Seattle office, on a phone call, staring at his wristwatch, pacing, talking, thinking, plotting, scheming, then glancing at the watch again. Like the Net Economy, Bezos is all about motion. His conversion to the Web came in 1995, when he read a report that projected annual Web growth at 2,300%. First he checked that he'd read the figure correctly. Then he quit his job as a hedge-fund manager in New York City, packed his bags and drove out to Seattle. Or, rather, his wife drove; Bezos was busy pecking out a business plan on his laptop. The idea behind Amazon.com was devilishly simple: type in a book's title, the author's name or even just a general subject, and the site will present you with a list of every matching book in its database. Choose your title, type in your address and credit-card number, and service reps at Amazon.com's Seattle warehouse will find your order and mail it to you, usually within one or two days, and often at a hefty discount. Three years after launch, Amazon.com has 2.25 million worldwide customers, and sales that may reach $350 million this year. None of this, you can imagine, made bookstore chains very happy. But they held back on the Net. For years the buzz in the book industry was all about building new megastores, where shoppers could sip mochaccinos and chew over big ideas while they sat on comfortable couches. And in the two years that Barnes & Noble and Borders were focusing on what kinds of vanilla-sugar cubes to put in their coffee bars, Bezos was building an empire. B&N has tried to catch up, forging close ties with the gigantic online service America Online and suing Amazon.com over its use of the tag line "Earth's Biggest Bookstore."

To: epicure who wrote (10250)	7/14/1998 12:58:00 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

I talked today to several friends who have not invested in Wall Street for several weeks. Today they bought Internet stocks, because they just couldn't sit on the sidelines and miss out on being $billionaries.

To: epicure who wrote (10250)	7/14/1998 8:25:00 AM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

I just got my Time magazine today. Huge article about the possibilities of e-tailing (cover story). Of course AMZN is mentioned. I figured it was this occurrence that propelled AMZN higher, and it won't last. So my guess is up a bit more (maybe) until all the people who have to buy AMZN 'cause they read about it in Time have bought, then smartly down. X, I posted a URL to Time with that cover article. I loved the statement Amazon.con has created an empire. You may be correct on it propelling the stock. I do not know what the average reader of Time does in their investing. Glenn

To: epicure who wrote (10250)	7/14/1998 9:12:00 AM
From: Oeconomicus	Read Replies (2) \| Respond to of 164684

X the ?, got the new issue of Forbes yesterday. Fold-out cover with headline reading "Masters of the... New Universe" and picturing 13 'net company founders including Bezos, Yang (YHOO), and others from Earthlink, Onsale, N2K, CNet, Doubleclick, Sportsline, and more. Have the made the cover of People yet? Bob PS: All, pre-open trades at $108, last bid $107 3/4, ask $108. If all that after hours trading yesterday was for real, half the participants got screwed.