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

AMZN 233.95

+0.3%

Dec 1 3:59 PM EST

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To: Bearded One who wrote (74265)	8/17/1999 1:49:00 PM
From: Lizzie Tudor	Read Replies (2) of 164684

Heres something interesting - toysrus.com seems to be imploding (I'm not surprised) PARAMUS, New Jersey--Toys "R" Us, the second-biggest U.S. toy retailer, said fiscal second-quarter profit fell 25 percent because of costs to develop its fledgling Internet business. The retailer also broke off its arrangement with venture capital firm Benchmark Capital, which said in April it would invest in the online unit. Chief executive Robert Nakasone spent $4 million during the quarter to set up and expand the company's Web business, amid stiffening competition from eToys, Amazon.com, and other online toy sellers ahead of the Christmas holiday season. The loss of Benchmark, which helped finance leading auctioneer eBay and other Internet companies, is the latest setback for the Web unit, whose first choice as top executive backed out of the job. news.com

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