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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 230.53+0.4%12:42 PM EST
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To: H James Morris who wrote (144178)7/24/2002 5:38:31 PM
From: Glenn D. Rudolph  Read Replies (1) of 164684
 
"Bezos said the longer-term rewards of lowering prices are "enormous."

Hmmm..I am still wondering what has made him a so called retailing genious. He does not have the educational background for it nor the experience. It appears he believes he know what he is doing because he has been able to grow revenue over a period of seven years although at loss for each and every year. He is very lucky to have had deep pocketed financing. Most retailers starting out do not typically get an extra $2 billion in cash loan bonus to cover errors, etc.
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