Seeing Clearly Through The Amazon Jungle

Regarding "Can Amazon make it?" (Cover Story, July 10): Amazon.com Inc. has and always will stock and ship tangible products (i.e., books, DVDs, toys) from its warehouses to its customers. Thus, from Day One, it has been clear to anyone not caught up in Wall Street hype that Amazon is a retailer, albeit with a very slick Internet interface for ordering products. Thus, Amazon never was a true Net stock. (The value of Amazon as a portal to other Web sites is an interesting part of the business, but currently, only a minor part.)

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