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

AMZN 232.88

-0.8%

Nov 17 3:59 PM EST

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To: H James Morris who wrote (115949)	1/22/2001 6:54:56 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

>STAMFORD, Conn., Jan 22, 2001 (BUSINESS WIRE) -- While billions of dollars were spent online this past holiday season, U.S. consumers spent most of this money at a small number of Web sites, according to a new survey by Gartner Group, Inc. (NYSE: IT chart, msgs and chart, msgs ITB chart, msgs). Eighty-seven percent of the consumers who bought on the Web told Gartner they spent their holiday gift dollars at a maximum of three different retailers' sites. Amazon.com was the most dominant purchasing site, with over a quarter of all buyers (28 percent) purchasing at least some gifts there. No other site attracted even half as many buyers. Gartner's survey showed that nearly 25 million American consumers bought gifts online this past holiday season. The results of the survey showed these consumers spent nearly $6.2 billion online for holiday gifts. James, You did not ask me but the numbers do not add up based on a Q4 sales pre-announced of $960 million for Amazon. Glenn

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