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

To: llamaphlegm who wrote (10924)	7/20/1998 6:17:00 PM
From: Alomex	Read Replies (1) \| Respond to of 164684

Please get a good summary of Michael Porter's works (any of htem) on competitive strategy. A famous economist (Ludwig von Mises) wrote to that: "In all these discussions the professionals have an advantage over the laymen ... The layman may brilliantly succeed in proving his argument. It is of no use. For his adversary, clothed with the full dignity of his professorship, shouts back: "The fallacy of the gentleman's reasoning has long since been unmasked by the famous German professors, Mayer, Muller and Schmid. Only an idiot can still cling to such antiquated and done-for ideas." The layman is discredited in the eyes of the audience, fully trusting in professional infallibility. He does not know how to answer. But it didn't work here. Then you carry on making fallacious arguments. Viz: your #6 is almost silly, everything that is attractive at amzn's site is or will be replicated by the competition in due time. As opposed to AOL, that has some content that cannot be replicated by the competition in due time. My apologies, I didn't know AOL had a copy of the Nicromicon on line. Not to talk about the technology. No point even attempting to replicate their busy dial tone, or their amazing(ly slow) navigator. Yeap, AOL is unparalleled. One of a kind. Never to be matched by competition. Next!

To: llamaphlegm who wrote (10924)	7/20/1998 8:43:00 PM
From: H James Morris	Read Replies (3) \| Respond to of 164684

< Seattle, July 20 (Bloomberg) - Amazon.com Inc., CMG Information Services Inc. and other Internet companies soared after Broadcast.com Inc., which transmits news, music and sports online, became the most successful initial public offering. Online bookseller Amazon.com surged 15 1/8 to 134 7/8 in midafternoon trading, while No. 1 online service America Online Inc. rose 5 1/4 to 133 1/4, after touching a record 134 1/2. Broadcast.com fell 2 1/4 to 60 1/2. It more than tripled in Friday's first day of trading from its IPO price of $18 a share. The enthusiasm for Broadcast.com led investors to buy other Internet companies, which already are close to records after a month of spectacular gains. The fact that Broadcast.com is losing money may have made investors more sanguine about investing in companies like Amazon.com, which has yet to turn a profit. ''Given the valuation assigned to Broadcast.com, it makes some of these other Internet stocks look reasonable,'' said CIBC Oppenheimer analyst Henry Blodget, who rates AOL a ''strong buy.'' AOL is among a handful of Internet-related companies that are profitable. CMG rose 10 1/2 to 83 7/16. GeoCities, a free World Wide Web service in which CMG invests, is slated to go public this summer, said Ryan Jacob, portfolio manager at the Internet Fund. Internet stocks are on a roll after NBC invested in Cnet Inc., an Internet news and search-directory company, and Walt Disney Co. bought a stake in Web directory Infoseek Corp. Those agreements raised speculation that more media companies will shop for online businesses. EarthLink Network Inc., Yahoo! Inc. and others also unveiled stock splits in the past few months, sending their shares rocketing. While Broadcast.com was a hit with investors, its business faces several hurdles, analyst Jacob said. Consumers who try to retrieve its news and entertainment may be disappointed because their computers can't handle the transmission quickly enough. In addition, the company could face resistance from companies that provide content to it as Broadcast.com becomes a bigger threat to traditional TV and radio. ''The potential for Broadcast.com is huge, although there's a lot more risk'' than other Internet companies, Jacob said. Amazon.com's second-quarter loss is expected to widen to 44 cents a share when it reports on Wednesday, according to estimates from 14 analysts polled by First Call. That compares with a loss of 28 cents a share in the year-earlier quarter. Broadcast.com had the best first-day trading gain of any IPO priced at more than $5 a share and excluding any ''best-efforts'' offerings, an unusual situation where the underwriter doesn't buy any of the offering, according to Rich Peterson, a spokesman at Securities Data Co. > Wow, I thought it was because of books.

To: llamaphlegm who wrote (10924)	7/20/1998 8:49:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

<The following is a list of companies whose shares moved in U.S. markets. The stock symbol is in parentheses after the company name. Prices are at today's closing. Internet stocks: Amazon.com (AMZN) rose 17 11/16, or 15 percent, to 137 1/2, as the Internet bookseller and other Internet companies soared after Broadcast.com Inc. (BCST), which transmits news, music and sports online, became the most successful initial public offering. The enthusiasm for money- losing Broadcast.com led some investors to buy other, more established Internet companies, analysts said, although they are trading at record prices after a month of spectacular gains. Cnet Inc. (CNWK) rose 16 1/8, or 30 percent, to 70 1/4; CMG Information Services Inc. (CMGI) rose 10 1/4, or 14 percent, to 82 3/4; Earthlink Network Inc. (ELNK) rose 6 7/16, or 8.1 percent, to 85 13/16; and Yahoo! Inc. (YHOO) rose 10 9/16, or 5.7 percent, to 196 5/16. Actuate Software Corp. (ACTU) rose 1 11/16, or 9 percent, to 20 7/16 in its second day of trading after the maker of systems that allow companies to create interactive multimedia documents sold 3 million shares at 11 in an initial public offering. America Online Inc. (AOL) rose 8 1/8, or 6.4 percent, to 136 1/8 after the No. 1 online service was maintained ''buy'' by analyst James Preissler at PaineWebber Inc. He sees the stock reaching 165 in 12 months, up from an earlier prediction of 125. He said the company's 1999 earnings per share could be significantly higher if it keeps marketing expenses unchanged. The company's also adding subscribers, and there are several new opportunities that could expand America Online's market. Preissler expects analysts to be raising their earnings targets after the company reports results for its fiscal fourth quarter ended last month. The company said it added another 12 cities to its Digital City guides, bringing the number of its online guidebooks to 50, as it seeks more regional advertisers to boost its revenue.