Amazon.com, Inc. (AMZN) Message Board

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

AMZN 220.66

+1.6%

Nov 21 9:30 AM EST

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To: H James Morris who wrote (145677)	8/18/2002 6:44:55 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

"There's actually nothing bubble-esque about why the market is warming to Amazon again. After losing faith last year that the seven-year-old company would ever make money, investors are coming to realize that founder and CEO Jeff Bezos actually knows how to run a business. With a combination of innovative productivity enhancements and shrewd marketing, he and his team have reduced operating expenses 32% in the year ended June 30 while increasing revenues 17%. " You just cannot convince me<G> Maybe the operating costs before were way out of line so a 32% reduction is still inadequate. It is easy to lower operating costs when the business was run poorly in the first place. The firm is going on 8 years old and is still not profitable. That must be close to a record. Let's give them a few more billion dollars to play with.

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