To: Secret_Agent_Man who wrote (1381 ) 1/12/1999 11:22:00 PM From: HVN Read Replies (1) | Respond to
Nice ones you bought an held! I have my share of them as well - and keep some of it to play around with. However, I don't have too much faith in the long term viability of these internet stock valuations. I think ecommerce will grow rapidly and then pretty much stagnate for a long time. Take TV shopping and catalog buying - so much promise, such little performance. Not that I don't think ecommerce doesn't have a TON of more potential than those channels - however, I think the opportunity is more to do with bringing in operational efficiencies like Supply Chain Management, and Business to Business selling rather than to individuals. After a certain stage, you cannot duplicate the in-person shopping experience over the screen. Right now, people are relatively price insensitive, and are prepared to buy big brands over the internet coz. they are cash rich. But when we go into a recession, they will start getting out of their seats, turning their computers off to save electricity costs, and go out to the malls to look for deals.
