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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 227.90

+0.4%

3:59 PM EST

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To: H James Morris who wrote (138880)	2/8/2002 8:39:49 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

"Another surprise came from J. C. Penney, which posted a 5.9 percent increase in same-store sales for its department store division. Thomson Financial/First Call expected an increase of 4.9 percent. Total sales were up 4.1 percent. " And a little more. Look at the type of retail operations that are doing well. "The Limited posted sales gains of 6 percent in January. Analysts polled by Thomson Financial/First Call expected a 2.4 percent decline. Federated Department Stores (news/quote) reported an 8.8 percent decline in same-store sales, better than the 9.5 percent drop Wall Street analysts projected. Total sales were down 24.2 percent There were still some disappointments. May Department Stores had a 10.1 percent drop in same-store sales, worse than analysts had expected. Total sales were down 7.2 percent. The Gap recorded a same-store sales drop of 16 percent, worse than the 13 percent decline that Wall Street analysts had projected. Total sales were down 4.9 percent." nytimes.com

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