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

To: Lizzie Tudor who wrote (46849)	3/23/1999 12:08:00 AM
From: JOHN W.	Respond to of 164684

The following quote came in today from INVESTools Advisory, an email based news service that is available free from www.investools.com: "The financial equivalent of the Hindenburg disaster is on the horizon for Internet stocks," says Warren Buffett devotee Richard Young. Though he agrees that the potential for online commerce is enormous, he cites estimates that the Internet will account for no more than five percent of retail sales five years from now. "None of the Internet names are investments," Young says. "They are gambles. Most will fall by the wayside." Instead, Young recommends a number of "reasonably priced (a relative term)" technology leaders. For instance, Cisco Systems (CSCO) just announced a $1 billion joint venture with Motorola to build the world's largest wireless Internet system. Lucent's (LU) recent purchase of Ascend gives it a strong chance at a dominant position in the networking field. IBM (IBM) is enjoying rapid growth with both its services and its Middleware software businesses. Sun Microsystems (SUN) is seeing strong demand for its web and e-commerce servers.