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

To: KeepItSimple who wrote (52542)	4/24/1999 11:37:00 PM
From: Al Chechatka	Respond to of 164684

in both cases, the party won't end until the public wakes up and realizes they've just transferred billions of dollars into the hands of a few people- and those few people always end up in prison. I don't think what AMZN, YHOO, EBAY or any of the "1st tier" Internet companies are doing anything illegal. Maybe some of the new Internet underwritings will be scrutinized as illegal. Since it is a craze it will end badly, AMZN could be 100 billion by then. You may laugh, but I never would have believed it ever hit 20 billion let alone 35. Thank you, from the people who responded about the auctions as they experienced it first hand. Maybe it isn't as much of a commodity as I thought. Technology of today deems it such, with relatively slow access to websites. To the person who said they did his/her auction on EBAY because of the volume, but did its books using AMZN, I have found a site that finds the least expensive price for a book (searching the whole web) and then lets you go to that site. The same thing could be done for bidding on auctions, CDs, software etc. But the thing about auctions, is the seller wants to get the best price for its products it sells, so it will go to the one or two "big boys." Right now it seems to be EBAY. AMZN may have an "in" with its $250 guarantee against fraud. Maybe as it grows, there will be other players, however, AMZN is not justified by a 35 billion dollar market cap, yet. Does anybody use the "free auction" on YHOO? Al C.