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

To: Jing Qian who wrote (51142)	4/18/1999 12:42:00 PM
From: Glenn D. Rudolph	Respond to of 164684

In this new economy, you pretty much have to throw away everything you learned in the past 30 years about investing. Things like valuation, P/E will probably clobber your vision. Companies operating on the new medium are breaking and changing all the old rules. If one has to gage the new company with old rules, one must be very frustrated. Jing, Are you a ull or bear on Amazon? I am not sure.

To: Jing Qian who wrote (51142)	4/18/1999 2:20:00 PM
From: Jenne	Respond to of 164684

Barnes & Noble's CEO Uncertain of the Future of Bookselling Bloomberg News April 18, 1999, 10:46 a.m. PT New York, April 18 (Bloomberg) -- Barnes & Noble Inc.'s Chief Executive Leonard Riggio, 58, said for the first time in his life he can't see five years ahead to the changes coming in the book business and retailing in general, the New York Times reported. Some industry experts wonder whether the company's sales growth on its online site could hurt sales at its bricks- and-mortar outlets. Barnes & Noble could be forced to cut prices at its superstores as more books are sold at lower prices on the Internet, said Craig Bibb, a managing partner at Jasper Funds, a hedge fund that has sold its Barnes & Noble's holdings, the newspaper reported. Barnes & Noble, the biggest U.S. bookseller, revived its plan last month to sell part of its online unit to the public and doubled the IPO's size to $200 million.

To: Jing Qian who wrote (51142)	4/18/1999 2:52:00 PM
From: H James Morris	Read Replies (1) \| Respond to of 164684

>>In this new economy,<< Jing, you must have read "New rules for the new economy" or are you really Kevin Kelly? The editor of wired (for those that haven't, I got it from B&N for 13.96 plus shipping) I like your posts your the most astute bull here since William. But you must tell us your average cost (not # of shares, because that's considered personal) so we can all keep score. Every morning with my hedge, I start with a cost of zero, plus loss of interest or potential dividends. Trust me on that.

To: Jing Qian who wrote (51142)	4/18/1999 5:28:00 PM
From: stsimon	Read Replies (3) \| Respond to of 164684

Investing hasn't changes in 500 years and neither has speculation. The inets are in the grip of a speculative frenzy. All the longs have made money and believe it is different this time. It isn't. Enjoy while it lasts. In the long run earnings matter. The inets than can generate high earnings will be highly valued. They will be few in number. For now, though, it appears than any old dot com will do.

To: Jing Qian who wrote (51142)	4/18/1999 9:15:00 PM
From: Proud_Infidel	Read Replies (1) \| Respond to of 164684

Re:Things like valuation, P/E will probably clobber your vision. Companies operating on the new medium are breaking and changing all the old rules. In the ST you are correct. However, over the LT, earning matter regardless of what the street currently says in regard to net stocks. These issues are bubbles in search of a pin. BK Disclaimer: I am neither long nor short any net stocks but am amazed (and frustrated) at the valuations they are now giving book sellers.