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

AMZN 234.12

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To: Bill Harmond who wrote (118582)	2/26/2001 12:12:03 AM
From: Glenn D. Rudolph	Read Replies (1) of 164684

To: llamaphlegm who wrote (11520) From: William Harmond Thursday, Jul 23, 1998 1:00 PM ET Reply # of 115257 >>If the answer to any of the above is "yes" then you should be less bullish when the losses are increasing (when you had thought that they were, in fact, decreasing). No. I don't care about the losses. They are deliberate. They are not the result of poor business performance. I thought they had improved, but it's not an fundamental issue with me. Amazon's gross margins increased this quarter. The losses result from spending is on customer acquisition and expansion, which will continue to be significant. AOL practiced the same aggressive model in it's early years and accumulated $10 billion in losses on its way to a current market cap of $33 billion. Barnes and Noble reported a sequential online sales increase of 14% this quarter, and Amazon 33%. What more needs to be said?

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