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To: Timoteo who wrote (36343)	1/24/1999 1:04:00 PM
From: jach	Read Replies (1) \| Respond to of 164684

Published Sunday, January 24, 1999, in the San Jose Mercury News Net stocks not for 'little guy' In reading Adam Lashinsky's column on Internet stock investing (''Two views on how to spot Net stock 'gorillas,' '' Jan. 18), I found myself as much in agreement with Henry Blodget's point of view as my own, which led me to conclude that Internet investing is more about the investor than the investment at this stage. For example, I am a venture partner at Mohr Davidow, where virtually everything we are pursuing is either directly or indirectly an Internet investment. Indeed, venture capital is one of the better mechanisms for handling this kind of volatility. A second reasonable platform for investing is institutional funds, the people whom Mr. Blodget advises. They have to get into this market because too much of the capitalization of the economy is blossoming up in this sector. He is right to say that the fundamentals of the Internet are super-powerful and permanent. But he does talk about ''adjusting for tolerable risk,'' which is where we meet. The audience that I and my co-authors, Tom Kippola and Paul Johnson, targeted for The Gorilla Game, on the other hand, is the personal investor with a 401(k) account or the like. These folks simply cannot tolerate the risk levels of a VC firm or an institutional investor. Hence the advice to them to sit out this round. Huge amounts of capitalization will be created, and they will miss out on this, but their goal, in my view, should be to set themselves and their families up for retirement, not to try to strike it rich in a gold rush. Finally, the real constituency driving the Internet valuations today is not, I would argue, any kind of investor at all, but instead a day-trading speculator. Small floats combined with fanatical fans create Beanie Baby, Furby effects. The challenge for Mr. Blodget, which neither the Gorilla Game reader nor a venture capitalist has to worry through at this time, is how much of the current market caps is due to artificially induced supply-and-demand scarcity and how much to genuine appreciation of value. Tough call, to say the least, which is why my hat goes off to Henry. Geoffrey Moore Chairman, Chasm Group; Mohr Davidow Ventures partner

To: Timoteo who wrote (36343)	1/24/1999 1:08:00 PM
From: jach	Respond to of 164684

Book mark or save this: within 1 year from now: AMZN = between 10 and 20$ (10-20) EBAY = (20-30) YHOO = (20-30) all mo

To: Timoteo who wrote (36343)	1/24/1999 1:59:00 PM
From: Glenn D. Rudolph	Respond to of 164684

The expectations are so high, that anything short of a profit will disappoint. There will be no profit. You can trust me on that. Glenn

To: Timoteo who wrote (36343)	1/24/1999 2:19:00 PM
From: tonyt	Read Replies (1) \| Respond to of 164684

>The expectations are so high, that anything short of a profit will disappoint AMZN already pre-announced a loss and revenues that missed the whisper# on Jan4 (and AMZN was rewarded with 89 points for their honesty - I can't see any other reason) No one is expecting a profit >Look at what happened to YHOO. Part of it was the lack of a 1 to 4 split All of it was lack of a 5/1 split. > I expect the stock will be well under 100 by the close Wednesday. Only is Bezo doesn't make some sort of announcement -- any announcement.