I find this thread absolutely hilarious !!!!! Don't you ?
Happy: See I love you already!!
Promise me not to show the following to impristine. He is already angry, I don't want to make him insane:
Amazon shares sink after Bezos talks
By Jennifer Waters, CBS.MarketWatch.com
Last Update: 2:36 PM ET Apr 2, 2001
LAS VEGAS (CBS.MW) - When Jeff Bezos speaks,
Amazon.com shareholders sell.
At least that was the case again Monday after the Internet
retailer's chief executive admitted at a conference that he
regretted some of the investments he's made in other fledgling
electronic-commerce concerns.
Companies such as Living.com and Pets.com are now defunct,
at a costly price tag to Amazon. "If we could rewrite that bit of
history, we would," Bezos said at the Goldman Sachs electronic
commerce conference. The conference was closed to the
media, but some companies such as Amazon broadcast their
presentations over the Internet.
Amazon (AMZN: news, msgs,
alerts) shares sunk to their
lowest levels in more than
three years after Bezos'
comments. In recent trading,
Amazon shares were
changing hands at $8.71, off
15 percent.
Since early November,
Amazon shares have plunged an eye-popping 80 percent, often
tied to comments the customarily candid Bezos has made about
investing in Internet companies such as his.
Shareholders also have ditched the stock as analysts have
expressed growing concerns about whether the company will be
able to have enough cash to last through this year, not to mention
make an operating profit by the end of the year as Bezos has
promised.
And then there's the ongoing issue of whether the business plan
is a viable one to begin with.
But, as usual, Bezos deflected those comments. "We are
super-committed," he said, referring to efforts to reach
profitability by year-end. But he repeated his comments from the
first quarter conference call that operating profits would not come
"at any cost." |
