Amazon.com, Inc. (AMZN) Message Board

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

AMZN 238.34

-2.4%

1:39 PM EST

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To: Eric Wells who wrote (65568)	6/30/1999 11:44:00 AM
From: Eric Wells	Read Replies (1) of 164684

FDX reported earnings this morning - came in at .73 a share, two cents above consensus estimates of .71. Yet the stock is down 1.5 at this point. An interesting quote from a Reuters article on the earnings: "Domestic operations at the Federal Express unit showed some weakness, analysts noted. Domestic revenue grew only about 4 percent to $2.6 billion in the quarter." You would think that if consumer e-commerce transactions (the kind that Amazon relies on) were on the rise, you wouldn't see this weekness in FDX domestic business. Is this the first sign that Amazon revenues may be weak? You can find the article at: biz.yahoo.com I'd be interested in getting other views. -Eric Wells

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