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

AMZN 231.69

+1.7%

Dec 10 3:59 PM EST

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To: John May who wrote (71230)	8/2/1999 3:46:00 PM
From: Steve Yuan	Read Replies (3) of 164684

John, I agree with you in that spending-per-existing-customer is not a good metric. I prefer the one used by Bilow, i.e., same category sales, as something equivalent to same store sales. Bezos has been playing revenue game by adding more categories, just like retailing chain increases sales by adding more stores. I think Bezos' game is coming closer to an end because he is running out his sell list. Recently Bezos has been stressing risk in various interviews. Maybe he is preparing for coming lawsuits. Steve

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