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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.70-1.2%Nov 14 9:30 AM EST

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To: Glenn D. Rudolph who wrote (89882)1/5/2000 9:03:00 PM
From: H James Morris  Read Replies (1) of 164684
 
Glenn, the other thing that hurt Amzn today was Mary Meeker was expecting 1bil in revenue, instead of $650mil.
Did you know that Bezos,Meeker and William are together over in Arizona.
I think Lizzie is there also.
>Shares of leading Internet retailer Amazon.com (Nasdaq:AMZN) slipped
14.87% (down 12 3/16) to 69 3/4 and led Internet stocks lower on the
day. Amazon.com (Nasdaq:AMZN) reported that its fourth-quarter sales
jumped over 150% from the year-earlier period, but shares of the
Internet retailer dropped as the company warned that its losses for the
quarter would not be reduced despite the sales boost. While Amazon's
fourth-quarter sales of over $650 million exceeded the $610 million in
sales that the company posted for all of 1998, investors were
disappointed to learn that the Amazon's losses would not decline as a
result.
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