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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: H James Morris who wrote (132977)	10/18/2001 11:25:41 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Retail trade - which accounted for almost a quarter of the improvement - was largely dominated by impressive gains at Wal-Mart, which, with its emphasis on large stores and discount pricing, increased its efficiency and sales and forced other companies to follow best practices. This is a little of a which came first the chicken or the egg. I do not believe Wal-Mart would have become as effcient as they are in their "huge" Super Wal-Marts if it were not for improved technology. There are just too many products that need to be in stock in a just in time fashion and a knowledge of what is and is not selling. I personally would not attribute all this efficiency to better management unless one takes the position that better management invested in IT.

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