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

To: Glenn D. Rudolph who wrote (35548)	1/20/1999 3:53:00 PM
From: Paul Merriwether	Read Replies (1) \| Respond to of 164684

<< cannot understand how you can place the money losing AMZN in a group with AOL and YHOO. That is just plain silly. >> Glenn AOL has been known to "push the envelope"(to use a euphemism) when accounting its earnings. The quality of its earnings is suspect and with a P/E of 600 is hardly a value play. YHOO made some of its "earnings" from profits in its investments. Does that make it a search engine or internet play or would you think that yhoo is a competitor of Goldman Sachs(with a core competence in trading). In other words the quality of their "stellar report" is suspect. Those heady days of 90 point gains are over for the time being and the greatest reason of buying all this netjunk(it only goes up) is no more. When the stars align properly, we may see another run-up. Till then I would buy some quality stocks(msft and intc come to mind) and wait. -PWM