All Clowns Must Be Destroyed Message Board

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Pastimes : All Clowns Must Be Destroyed

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To: MythMan who wrote (7702)	2/8/2000 12:29:00 PM
From: NickSE	Read Replies (2) of 42523

RE: BUYX "Buy.com has negative margins," said Richard Peterson, an IPO analyst with Thomson Financial Securities Data. "Even though Amazon isn't profitable, at least they make money on their products. Buy.com sells below cost, so they lose about 1 to 2 percent on each product they sell. They say that even though they sell at a loss, they plan to make it up with traffic and their ads."... Buy.com posted pro forma revenues of $597.8 million for the year ended Dec. 31, compared with $128.6 million a year ago. Meanwhile, its pro forma loss swelled to $145.8 million for the year, compared with a loss of $24 million the previous year... news.cnet.com. buy.com this.. finance.yahoo.com;

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