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

AMZN 220.66

+1.6%

Nov 21 3:59 PM EST

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To: GST who wrote (123768)	4/18/2001 2:52:06 AM
From: Glenn D. Rudolph	Read Replies (2) of 164684

Now how can this happen LOL? ""All things being equal, it looks like they're gaining market share from Amazon," said Prudential Securities analyst Mark Rowen. "Barnes & Noble Inc.'s clicks-and-mortar strategy is beginning to pay off." Barnes & Noble owns 40% of Barnes & Noble.com. Bertelsmann AG owns another 40%, and the remainder is publicly traded. According to Mr. Rowen's estimates, Barnes & Noble.com has been steadily gaining market share from Amazon.com Inc. In the first quarter of 1999, he says, Barnes & Noble.com had a 13% share of the combined U.S. revenue of Barnes & Noble.com and Amazon's book, music and video sales. Barnes & Noble.com's share increased to 19% in the first quarter of 2000 and to 21% in the fourth quarter of 2000. If the online retailer's sales projections prove correct, Barnes & Noble.com's share would rise to 27%, he added. "We became the No. 1 online bookseller by keeping our attention focused on customers, not on competitors," said Bill Curry, a spokesman for Amazon. He declined to comment further. Now Mr. Curry let's have the truth. Did Amazon become the number 1 on-line bookseller due to the fact they were willing to burn more money by selling at a greater loss? Will Amazon.com maintain their lead? I really really doubt it. "

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