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To: Sam Ferguson who wrote (17963)	12/20/1998 8:57:00 PM
From: Iceberg	Respond to of 53068

>Sorry no opinion Ice. Sam, Well, I think having no opinion at all is sometimes more valuable than having one. So I appreciate your "no opinion". >How you can compare value of Amazon with Microsoft, Intel, Dell etc. is beyond all reason to me.Then KEG at less than 5 keeps dropping. Amazon keeps rising. It is amazing. Your comments remind me of an article I just read by syndicated columnist Donald Kaul. He pointed out that Amazon at $220 a share is capitalized at a higher value than Union Pacific Railroad. And Union Pacific Railroad "owns things - - land, right-of-way, track, locomotives, freight cars and has a virtual monopoly over rail freight west of the Mississippi. It even pays a dividend". He goes on to say "Amazon is essentially a building full of computer jockeys with a whizbang of an idea, yet it's worth more than an industrial giant". After comparing the current situation to the 17th century tulip mania in which banks used tulips as collateral for loans, he said he wished he had the courage of one of his friends. His friend "called his broker and sold every stock he owned. He figured that any market that valued a nonperforming stock [Amazon] so highly was not a market he wanted to be associated with". Ice "Tiptoeing Through The Stock Market" Liberal Opinion Week, Dec. 14, vol 9, no. 50, p.9