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

To: OtherChap who wrote (28696)	12/2/1998 12:27:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

It appears that the Internet mania was justified when Clinton and Gore wore their on-line shopping tee shirts, but when I saw Gore's with" I got mine @ Amazon.com ", I thought it was a bit overdone. Clinton was reported to tell Gore "We must keep America focused on the Internet, so we can keep their minds off the real global economy". Boeing Co to layoff 20% of their workforce sending Amazon.con up 17 1/2 points. Analyst's cited "This will allow all these unemployed to sit at home and relax while doing all their on-line shopping". What's wrong with this story?

To: OtherChap who wrote (28696)	12/2/1998 12:56:00 AM
From: H James Morris	Respond to of 164684

I'd be more than happy to trade him for my Jan 70's puts. Lets see what Business Week put out this week. page 27, "With the success of upstarts like Amazon.con and its impact on book retailing and E*Trade with its impact on stock brokerage, every company has to have a major Internet presence". page 46, FATAL FLAW. Now, the industry is going through a shakeout. The hottest company of a year ago, New York-based NetGrocer Inc.--which had deals with America Online Inc. and Yahoo! Inc. plus backing from Cendant Corp.--has fired its CEO and laid off more than half of its staff. The problem: NetGrocer modeled itself after Amazon, setting up a national shipping center and mailing dry goods across the country. That's expensive. It also left consumers wanting for eggs and butter. That, says Maria LaTour Kadison, an analyst in Forrester Research Inc.'s online retail division, is the biggest obstacle: ''You still have to go to the grocery store.'' OnCart, based in Lombard, Ill., learned a similar lesson and shut down in March. Page 117 Whiz Kids from India-made fortunes in Aug by selling Junglee.com to Amazon.con, the online bookseller, for $180mil. Page 134 Amazon.con up 566% tops of all the Internet stocks. As if I didn't know that.