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

To: KeepItSimple who wrote (31101)	12/24/1998 5:56:00 PM
From: Jack T. Pearson	Read Replies (2) \| Respond to of 164684

It is interesting that the most successful Internet companies are those that were born into the Internet. The the internal inertia and resistance in established non-Internet companies should not be underestimated. And the innovation and quickness of pioneers should not be underestimated. We've seen this happen before: IBM failed at getting into the PC operating system business; Compaq has failed at getting into direct sales; AOL stops Compuserve; Cisco and 3Com take the networking market away from IBM; Intel tries to enter the PC business and fails. Compare Amazon's cash flow with their competitor's over the last year or quarter. P.S.: When the bubble bursts, will the Internet disappear?

To: KeepItSimple who wrote (31101)	12/24/1998 6:05:00 PM
From: Bill Harmond	Read Replies (1) \| Respond to of 164684

>>Anybody who would argue the Internet stocks are not in the midst of a speculative bubble is blind," Richard Bernstein, chief quantitative analyst... ...and another, as published in Barron's last week said, "Using conventional valuation technique on Internet stocks is like using a wind gauge to measure a nuclear explosion."

To: KeepItSimple who wrote (31101)	12/24/1998 6:18:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>"It's the biggest speculative bubble of our lifetime."<< The old guard will tell you, since the depression. The historians will tell you since Tulips. The new age will tell you, since Star Trek, and Forrestor Research will tell you that, we'll all have to wait until 2003.