Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: H James Morris who wrote (41538)	2/20/1999 11:38:00 PM
From: KeepItSimple	Respond to of 164684

>Aol will end up assuming Amzn's debt. One thing is for sure, Amzn shareholders will be "assuming the position." :)

To: H James Morris who wrote (41538)	2/21/1999 9:18:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Glenn, I've seen this article before and I do, find it amusing. The "Thing" that is left out is, RCA also decided to compete with IBM head on. They cloned IBM's hugely successful S360 line and significantly discounted their price. Basically selling close to cost. After 3 or 4 years. They had to close it down. At the time it was the biggest write-off ever wiped out by an American corp. A few years later GE bought what was left, but did assume the debt. James, Thank you for filling in the details. This was all new and interesting. Actually, RCA's claim to fame was the commercialism, of the transistor. A little more impressive that flogging books and commodities. Don't you think? I would think so but the market does not agree. Amazon is still a top notch technology company according to them. I believe that, Aol will end up assuming Amzn's debt. That's my hop, of course. I doubt AOL will touch anything to do with Amazon again. I suspect Kleiner Perkins will see to that. Glenn