Differentiation of the Dot-Coms

In a Reuters article "Amazon.com May Be Losing It's Dot-Com Glitz," Elizabeth Lararowitz writes about the changing perception of Amazon.com as high growth Dot-Com. In the Amazon's recent conference call they showed decreasing margins and changed their growth outlook for 2005. Interestingly Amazon's financials are beginning to look more and more like a traditional brick and mortar retailer. While I believe that Amazon will have greater years of growth ahead (compared to brick and mortar), it's interesting to see how internet retailing evolves as an industry. My personal belief is that once generation Y hits their mid late 20's Amazon may see a pickup in business as the most savvy internet users become consumers as well. If you have any thoughts send me one.