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Technology Stocks : BAMM - BOOKs A Million (BAMM) .. the next Amazon.com ???? -- Ignore unavailable to you. Want to Upgrade?


To: Patrick Shen who wrote (363)12/2/1998 7:07:00 AM
From: Mohan Marette  Respond to of 1196
 
Patrick: True I do realize they have +162 or so book stores but this 'redesigned'or 'revamed' internet thing is a an addition to the physical stores,matter of fact they only announced it recently if am not mistaken.

So being on the net provides them with additional exposure to the market place and hopefully help them gain market share with relatively lower cost.They have taken the first step by getting on the net with a 'revamed' site,no matter how they are doing it.If they are smart business people I am sure they will do the needful as they go along,ie make improvements,add new products and whatever else is necessary,after all eCommerce is here stay and is an ever expanding universe and there is enough room in it for more than a few players.That is all i am saying. This is my opinion.

PS:If you have noticed,a lot of i-Nut plays of late do not even have a web site yet,the mere announcement of it has gotten the thing on fire I think BAMM at least has a site and are doing business already.

I am saying.



To: Patrick Shen who wrote (363)12/2/1998 12:17:00 PM
From: Fred Puppet  Respond to of 1196
 
Patrick makes a good point about BAMM's lack of investment into the internet business. The real internet companies like AMZN have a terribly negative cash flow because they are buying tons of computers in order to grow their business. On the other hand, BAMM just made a stock repurchase. This indicates that management doesn't see any place to invest that cash. They clearly are not attempting to become a major internet player.