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

To: Gary Walker who wrote (26927)	11/19/1998 1:13:00 AM
From: Dwight E. Karlsen	Read Replies (1) \| Respond to of 164684

In fact the WSJ did a write-up a couple weeks ago about how the bloom has come off the rose for the value of Beanie babies, even among the most avid collectors. Beanies are just another Tulip mania, like web stocks. I guess I'm missing something that the "internet analysts" see. It can't be simple advertising dollars. Even if everyone threw out their TVs and only surfed the internet, the web stocks still would not be worth such lofty valuations. So that leaves consumer e-commerce. My guess: Yes, it will be a permanent niche. No, it's not going to even come close to making brick-and-mortar stores go out of business due to cannibalized sales to web companies. My own experience proved that only some things will be bought on the internet: Books, CDs, and computer equip. Throw in some more low-margin cutthroat commodities like Sony Walkman CD players and such. Then throw in the fact that the brick-and-mortar establishments aren't standing still: 85 out of the 100 largest retailers have web-sites up and running. Web stocks are a mania, and it will all come to a bad end. I'm going to go out on a limb and say sooner rather than later in say 2001 or some other far horizon. If Christmas '98 e-commerce doesn't absolutely blow everyone away, then it's going to be a long dry Summer of 1999 for web stocks.