http://boards.fool.com/Message.asp?id=1020021000209005In the past (Dec 1998) this thread was very interesting to those embracing AMZN and the dotcom revolution and to those, like myself, who were having difficulty fitting it into what we believe (or want to believe). I also find it interesting to review it since so much has happened of late to alter the view of the market views of such entities. I remember reading (Oct 99?) that dotcoms were impervious to interest rate threats since they tended not to rely on credit markets for operational or long-term funding. I questioned it then and I chuckle to myself now as yesterday I read that dotcoms et al are being heavily impacted by rate increase threats since it impacts the discount rate which is generally applied in cash flow, revenue flow or earnings flow models. I still remember, also with a chuckle, the street upgrade of AMZN (what was his name?) to $1000 price target around late 1998. Wondef if this guy still has a job? I, like Nico in the original thread, wish I had bought AMZN early enough to be laughing now, that presumes a dimension of timing which is very unFoolish since it is not attainable. So what's a Fool to do?Funny thing is that I now agree more wth Nico's positioin than ever before since there is now a more stringent "requirement" that business models be sound rather than new.Sorry to be long, but sometimes a review of the past can be healthy, at least I hope so.Pingb60
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