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

To: Peter Greenhill who wrote (36222)	1/23/1999 9:41:00 PM
From: Glenn D. Rudolph	Read Replies (2) \| Respond to of 164684

Glenn: You clearly are not very positive about AMZN's prospects. Some people on the main Dell thread subscribe to the view that Dell could be classified as an Internet stock due to the very large amount of computer retailing in does over the net. (I am not sure they would enjoy the sort of volatility we have seen in the Internets recently). It makes real money too. What are your views on this? Peter, DELL is not an internet stock. DELL is a tech firm with an excellent business model. They happen to be using the net to sell a good deal of their product and in doing so, can use just in time delivery for their components. DELL is both a manufacturer and a direct retailer. DELL has to inventory thousands of motherboards, boxes (cabinets), and other components. My guess the number of different components is one to two hundred but they need them in depth but not huge depth since they can obtain just in time delivery. Since DELL will assemble these products made to order, there are likely thousands of different finished items they can ship from the one to two hundred components. Fulfillment costs do not become an issue as percentage of gross margin. I doubt DELL will ever see the volatility seen in AMZN and other nets. DELL is a mature business and is still growing. Some may argue the market cap is high but the the variation there may be a few percentage points. I love DELL and have been long often. I recently sold my long due to some fear of an over all market correction and will buy back in when I get over that. What is your opinion? Glenn