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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 248.74+0.1%1:12 PM EST
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To: Eric Wells who wrote (68633)7/21/1999 6:53:00 PM
From: Jeff Dryer  Read Replies (1) of 164684
 
Eric,

That is a very thought provoking post. Well said.

>4. Bezo's also states: "And looking at the first few days of sales in
>our new toys and electronics stores, we're shocked and grateful. In
>fact, we believe we're already the #1 seller of children's products
>online." I view this as a rather weak statement. In short, where's
>the data? I cannot imagine Microsoft coming out and saying "We think
>we are the #1 seller of spreadsheets," without having any data to
>back it up.

I'm with you. Hype statements like "we're shocked and grateful" are getting old.

"#1 seller of children's products online"

Prove it.

>"We're especially pleased that Amazon.com Auctions is our fastest
>growing business."

Again, prove that your auctions are doing well. I'd be surprised if Amazon.com generated more than a million this quarter in revenue from their auctions. My guess is around $500,000... a very small number relative to overall sales figure.

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