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

AMZN 231.57

+1.1%

10:26 AM EST

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To: Victor Lazlo who wrote (116544)	2/1/2001 12:45:21 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

<<The quarterly results revealed a sharply slower rate of growth for Amazon's US books, music and video segment - its longest-established business. Its sales grew by just 11 per cent to $512m, while international sales rose by 104 per cent to $145m. >> Are you sure that's right? I thought AMZN was going to grow sales by 50% / year for the next ten years? Victor, This is not exactly correct. Maybe it is if one wishes to look at the best scenario. There was likely a 25% growth in the sales of videos due to the number of DVD players sold. I suspect, although cannot prove, US book sales (the longest-established business) declined in the US. That would not be a good indicator of things to come.

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