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

To: Glenn D. Rudolph who wrote (21079)	10/10/1998 10:17:00 AM
From: llamaphlegm	Read Replies (2) \| Respond to of 164684

Cobbled together from TMF Friday October 9, 5:53 pm Eastern Time Modem Maker Seeks Chapter 11 Again NORCROSS, Ga. (AP) -- Hayes Corp. (Nasdaq:HAYZ - news), a computer modem pioneer that has struggled in recent years, has filed for Chapter 11 federal bankruptcy protection for the second time in four years. In the filing Friday in U.S. Bankruptcy Court in Wilmington, Del., Hayes said there were 500 holders of unspecified debt securities. It also listed assets of $96.8 million and liabilities of $92.8 million, both representing book value on Aug. 30. The claims of the 20 largest unsecured creditors are for trade or professional services. A judge wasn't immediately assigned to the case. The Norcross-based company, which introduced the first personal computer modem in 1981, now manufactures a variety of computer communications products. It filed for Chapter 11 in 1994 and emerged in 1996. Founded 20 years ago by Dennis Hayes, the company has seen its modem sales plummet in recent years. Hayes Corp. spokeswoman Marcy Palmer said operations were continuing normally Friday with the company's 500 employees. She said the company had run into ''a significant shortfall' recently because of a heavy commitment to research and development of digital technology, remote access equipment and other newer technologies. Just think about a few questions: 1. Who had a bigger head start amzn or hayes? 2. Which industry has bigger barriers to entry and start up costs? 3. Which product is a higher margin product? 4. Which industry had bigger prospects for growth -- modem sales in the fledgling pc industry in 81 or amzn's sales of books, music, (toss in videos and software if you want) in 1998?