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To: Smart Investor who wrote (15082)	11/10/1998 6:01:00 PM
From: Lizzie Tudor	Read Replies (3) \| Respond to of 27307

Smart, fortunately for you all, I am here to clue you in. There are some retail establishments which will never be threatened by the web. These are Nordstroms and Bloomingdales etc like Scott Honker mentioned, very high end. But there is a HUGE class of goods where driving to the store to make the puchase is a huge waste of time and just because somebody likes to go to Nordstroms doesnt mean they want to spend their Saturday at Costco, or drug barn. In addition, taking Costco as an example, web purchasing enables fewer warehouses and volume buying. So these commodity goods are going to be cheaper over the net. In fact, if you look at the shopping patterns for a family for a month, there are only a few high end products, clothing, perishibles (maybe) that need to be purchased in person. Everything else is a candidate for online retailing. Im not defending the price of these stocks, btw. Michelle

To: Smart Investor who wrote (15082)	11/11/1998 3:21:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 27307

Smart, that is my belief too, from my experience. Been there, done that. The 'net will never attract more than a small fraction of the dollars that real stores get. Reason is simple: "Shopping" is a pastime, an experience, a pleasurable thing to do in the real world. You get the experience of getting out of the house, co-mingling with humanity, seeing the merchandize up close and personal; plus you get to take home your purchase. That's the way it's always been since people have been buying and selling, and YHOO or AMZN ain't going to change things in a radical way. 'net shopping is boring, and so will be used to buy only certain things.