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

To: MoonBrother who wrote (48057)	3/30/1999 8:05:00 AM
From: Glenn D. Rudolph	Read Replies (4) \| Respond to of 164684

Clips Fram Cramer at The Strret.com " Old-timers at run-of-the-mill companies never admit it, but they have to be sick to their stomachs when they read the business pages these days. Can you imagine the raw jealousy and envy of the people who run companies that do auctions or classifieds or books or drugs or CDs? It's bad enough that in less than a year eBay (EBAY:Nasdaq) has a market capitalization that pretty much assumes the doom of both auctioneers and newspaper classifieds. Now Amazon.com (AMZN:Nasdaq), with the stroke of a pen, has doomed eBay! " clip "Market cap too big for just books? OK, how about CDs? Market cap too big for books and CDs, how about drugs? Market cap too big for books, CDs and drugs, how about online auctions? And its customer base just keeps growing and growing and growing. " clip "More incredible is the market's amazing blind eye toward any execution risk on the part of Amazon. Heck, do we really think that it is so easy to be eBay? Can Bezos just wake up and declare that he owns whatever market he wants? The market seems to say so. (This despite when I go to Amazon these days, it never has any new recommendations of books for me like it used to and lately it hasn't delivered with the speed it once did.) One day the doubters of Amazon may be right. But in the interim, they have lost so much money that their doubts have proven to be colossal investment mistakes. Days like Monday tell us that skepticism when it comes to the Net can only hurt you. How long can that last? Perhaps the question is asked wrong. How long can the doubters stay short before they are put out of business by the Net and all of its successful spawn? Maybe that's the real investment question. "