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

To: larry oertel who wrote (42408)	2/25/1999 12:36:00 AM
From: KeepItSimple	Respond to of 164684

>WSJ reports AMZN invested $30-40 million. Perhaps this is why Bezos floated the 1.2 debt offering? Maybe his real plan for Amazon is to become a venture capital fund like CMGI? Wait a second.. If CMGI holds a stake in Amazon (it does) and Amazon were to invest in CMGI, wouldn't that fit the definition of a sham? The 'ol "two guys selling the same stock certificate to each other over and over until it reaches a price of infinity" game. In the future, perhaps all internut companies can just quit doing physical operations altogether, and simply invest in each other's stock. Imagine the profit potential! Ooops, I mean the potential to make the insiders rich- as long as the public retail guys don't catch on..

To: larry oertel who wrote (42408)	2/25/1999 1:04:00 AM
From: Rob S.	Respond to of 164684

I agree for the most part. The prescription drug part of the deal is the most interesting IMO - if that can be made to take off. I think it will take much more work than selling books and music - like personal sales promotion efforts to the health care industry. Not something of much entertainment value. Most stuff that DrugStore.com sells can be found at several stores within a few miles of most people. If you've got a headache, waiting for a FED-X package might be a bit of a problem. I guess Amazon could do the same thing they do for books - wrap about $10 around each order so that sales will grow rapidly. Yea, sell products for 20% off AND offer free shipping - that might get sales to really take off and, of course, speculators will just love that!