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To: Jack T. Pearson who wrote (2157)	1/9/1999 10:16:00 PM
From: Boplicity	of 41369

Jack you are right, Since I do not follow AMZN (my eye have glazed over from looking at the share increase every day) I saw part of the below and incorrectly thought it was an earnings report. <<Amazon.com's Sales Soar in 1998 AP Online, Tuesday, January 05, 1999 at 19:34 By RACHEL BECK AP Business Writer NEW YORK (AP) - Internet bookseller Amazon.com reported sharply higher sales for its fiscal fourth quarter Tuesday, but its stock seesawed as investors disagreed over whether the figures were in line with their expectations. The Seattle-based company reported that its quarterly sales more than tripled from a year ago to about $250 million, well above most forecasts. But some analysts were still disappointed since they had quietly hoped for an even bigger rise in sales during the quarter, to about $300 million. ''There was a whisper number out there that some people focused on and were upset when they didn't see it,'' said Derek Brown, senior analyst at Volpe Brown & Whelan Co. ''That number was totally unrealistic.'' Amazon.com said the big sales gains would not reduce its expected losses for the fourth quarter. Chief financial officer Joy Covey said profits were hurt by higher customer service costs and aggressive pricing. Wall Street analysts estimate a loss of 56 cents a share for the period. The company will release its full financial report for the fourth quarter in late January. Amazon.com's stock fell almost 10 percent in early trading before rebounding. Its shares closed up $6.18 3/4 at $124.50, reflecting a 3-for-1 stock split that took effect Tuesday.>> greg

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