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

To: Sarmad Y. Hermiz who wrote (43865)	3/4/1999 2:12:00 PM
From: Glenn D. Rudolph	Respond to of 164685

Expectation of large profits selling prescription drugs on internet are absurd. Many long term drugs are for well off elderly who are covered by insurance, or government programs. The insurers do have the clout to negotiate reasonable prices that only pay for the resellers salaries and a modest return. There is no reason to pay more. Sarmad, It is my opinion that AMZN no longer plans on making a profit through any retailing on the net. The investment in drugstore.com was just another way to raise cash when it becomes needed. Drugstore.com will do an IPO with maybe 100 million shares but only 10 million in the float. AMZN will own 46 million shares at their cost of $1 per share. The hope is that there is still market interest in net stocks after the lock up period ends and AMZN will sell their Drugstore.com shares at $100 per share and raise cash as needed. Glenn