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

To: Bill Harmond who wrote (31979)	12/31/1998 3:10:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

>>They are leased. That is an obligation correct? It is a liability. Sorry I see no difference. You don't? How about sales per square foot, operating leverage, cannibalization/neighborhood competitive issues? As one Amazon institutional holder said to me, "The trouble with chain stores is inflexibility. They don't know they've overbuilt until they've overbuilt. Then they're stuck." William, You and I have debated this for a long time. We did make a Gentleman's bet which will take time. No point in beating the issue further. Have a Happy New Year and congratulations on a good trading year for you. I hope to do as well as you next year:-) Glenn