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

To: Gil Gilbertson who wrote (20724)	10/8/1998 10:59:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

Consolidation has Web firms debating menu choices By Eric Auchard NEW YORK, Oct 8 (Reuters) - Internet World is underway here this week, and amidst the clamor of product announcements and swapping of e-mail addresses that typify such conferences, the main topic of conversation is -- who's next for lunch? Overshadowing the feeding frenzy of 50,000 expected attendees poring over 650 company exhibitions are everywhere the signs of accelerating industry consolidation. Discussion at the season's central gathering for the online trade have centered on news of the latest moves to eat, or be eaten -- CDnow Inc. in talks to merge with N2K Inc. and Bertelsmann AG's purchase of a 50 percent stake in Barnes and Noble Inc.'s BarnesandNoble.com. > Industry insiders at the conference said both alliances aim to feast on at least part of the business of Amazon.com Inc. , the online bookseller and very recently a purveyor of music, and the Internet's most successful business to date. This fall's Internet World seeks to prove that the industry has matured and that it has a new appetite for business-to-business commerce, rather than just for playing follow-the-leader behind consumer business kings Yahoo! Inc. and Amazon. "These deals recognize the fact that there's not an unlimited capacity for consumer electronic commerce," Gary Arlen said as he wandered the show floor. Arlen, a 20-year veteran observer of the online industry, heads Arlen Communications in Bethesda, Md. "Besides, what's the value of (any) Internet company with scant revenues?" he asked rhetorically. > I guess what Glen and I didn't know was that the Elephants made Bezos a "KING" and we thought he was just an inspiring prince. I hope Wall Street doesn't behead this king. Don't worry Kleiner,Perkins will rescue him.