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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 229.12-0.2%Nov 26 3:59 PM EST

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To: Alomex who wrote (119388)3/5/2001 8:11:52 PM
From: Alomex  Read Replies (2) of 164684
 
A few hours ago I wrote:

My pet theory is that *if* the rumor has any truth to it, it is not a sure thing and it was leaked by one of the parties to put pressure on the other. Alternatively it might have been leaked accidentally by an overly optimistic executive who called it a done deal when in reality it still needs four more weeks of DD and possibly approval from the board (both Walmart's and Amazon's).

Cnet has just posted the following update:

update Struggling e-tailer Amazon.com and offline retail giant Wal-Mart are in "philosophical" discussions to create a partnership, according to a source close to the companies.

Although details are "not a reality" at the moment, the source said, the two companies are pondering the effect a deal might have on the capital markets and the companies' cultures.


yahoofin.cnet.com
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