<<<<< Exactly. $65 even.
Considering that Amazon has a 75%+ (and growing) share of online book sales, but
less than a .7% share of $82 billion annual worldwide retail book sales, I decided not
to wait for $65.
Wanna talk music, etc. now? :)>>>>
William:
You sir are wayyyyy too kind. I'd love to talk music now and even books (really, you've got to stop making this so easy on me).
cbs.marketwatch.com
he House site was inaccessible.
CDnow deal is music to Yahoo! ears
As Amazon.com (AMZN) had done a couple of
weeks ago, music e-tailer CDnow (CDNW) agreed
to fork over an undisclosed amount of money to
extend its distribution deal with Yahoo! (YHOO) to
many of the search service's international sites,
including those in France, Germany, Italy, Denmark,
Sweden, Norway and Canada. As is becoming more
typical for this kind of deal, the financial terms were
not disclosed. CDnow already signed a one-year
$3.9 million deal to be the premier music merchant
on Yahoo!'s main site.
So, what will it be. Either amzn's book ad plan with yahoo gives it a huge advantage over others in books and cdnow's similar deal gives it a huge advantage over others (including amzn) in cds or not.
If so, amzn ain't going too far in music. If not, amzn has even less of a head start than you'd like to pretend.
Almost forgot books.
interactive.wsj.com
Meanwhile, both Barnes & Noble and Borders are seriously
turning their attention to the on-line space, and both arguably have brand
names stronger than even Amazon.
....
But Amazon has a lot of work to do refining its model. Ron Ploof, of
IceGroup, a Wakefield, Mass., firm that advises companies on electronic
commerce, concluded in a recent report that Amazon is losing $7.15 for each
Amazon.com order processed as it spends to establish its brand identity and
work out logistical kinks in shipping, handling, returns, payment processing,
credit-card fraud and inventory management.
Dear William, with these kind of #s in an on line industry sector in which it faced 0000000000000000000000000000000
(that's none, my friend) competition for over 2 years, I can only wish amzn the same luck in growth and sequentially increasing losses in the music industry that it has had in the book industry.
What's that you say? It can't happen. AMZN will cut its losses. Because, it now faces much slower growth in the book industry given the deep pocketed and recently arrived competition. BKS.com? Music industry even worse? Worse margins? More competition? First mover "advantage" has already gone to others? AMZN is still seen largely as a book store? Overpaid for its acquisitions? Insider sales growing?
Good thing you jumped back in so enthusiastically yesterday.
Perhaps re-reading the two articles posted here (and TMF) in the past two day about what was termed obvious manipulation by day traders and a few institutions would be far more useful in explaining the real reasons behind the stock's rise, rather than the half-hearted attempts (can't wait for the music) you're putting forward for justifying this insane stock price.
Have a great weekend --
LP |
