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

AMZN 222.69

+0.1%

3:59 PM EST

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To: H James Morris who wrote (134241)	11/5/2001 7:36:12 PM
From: Glenn D. Rudolph	Read Replies (2) of 164684

>What it might boil down to, said WR Hambrecht's Koerber, is that e-commerce in general may just not be "as big as Amazon or everyone thought it was going to be." news.cnet.com You know I have a soft spot for these stories. I really like this part: ""The important thing is that while the top line has suffered, the bottom line is much improved," Amazon spokesman Bill Curry said. "In absolute dollar terms, our pro forma operating profit was up 6 percent (for the books category) year over year. And we have said all year that our focus is getting to profitability." " I can't recall verbatim but this same person use to say the losses did not matter it was the revenue growth that counted. "Mark Rowen, the Prudential Securities bond analyst who reviewed the combined U.S. sales for both companies last week, said he had seen indications of problems with Amazon's book business more than a year ago." Mark is a genious to see that a year ago;-)

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