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

To: Bill Harmond who wrote (24427)	11/4/1998 11:11:00 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

A fund manager put it to me very succinctly at the Montgomery conference. He said that the chain stores can no longer measure their success, because with each store opening they don't know whether they are adding an asset or liability. I wonder how many retail stores this fund manager has operated. How can he or she have a clue as to how to make money in retail? I am far from impressed. You are hung up with steady-state thinking. Glenn, the opportunity here is based entirely on change. Regardless of your economic snapshots, Amazon is farthest-up on the correct side of the power curve. That's the critical investment thesis here. William, It is time to get with it. The investment thesis is incorrect. I have been telling you that. Learn to change your thinking. Dilution has just begun. Competition is only just starting and negative tangible book value is increasing. We are not looking at a company with a promising future. We are looking at a company with more problems that I can list. They have so many problems, they do not know where to start. Glenn