their wounds today after a number of internet stocks took a hit on wall street. as reports of layoffs at dotcom companies and doubts about their ability to generate profits spread. >> they'll tell you one thing, everything will be fine, we're just going through transitions. the next week we're downsizing. the next week we're closing. >> once we started seeing a sell-off even companies that survived, ebay, amazon, they all suffered. >> amazon.com ceo jeff bezos. his company's stock price tumbling from $113 a share to less than 16 today. >> it's not the kind of stock that you can own and sleep well if you're a small investor. and i think by the way that's true of all internet stocks. >> there are plenty of people that said this is just a dip, buy the dips, this is going to come back. i think by the spring of 2001 it was pretty clear that this was over. >> three, two, one.