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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: GST who wrote (145923)	8/22/2002 1:33:16 AM
From: Glenn D. Rudolph	Read Replies (2) of 164684

" How is business? " I would say soft. Two problems this year. Less traffic and lower average ticket priced sales. On-line is showing growth but we are working off a relatively small base so any percentage of the growth would be really misleading. What we see occurring is many of our customers have their credit cards maxed out or close to it. They come in to buy but the credit card is being declined more often than in the past. I am not sure if this is truly a plus but we are losing a lot of competitors. I do not really believe this fall season will be all that bad. I can't give you a real reason for my belief. I am not expecting it to be great either but close to typical. Thank you for asking.

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