Looking for news that might explain AMZN's recent strength, this was all I could find:
>>Amazon.com Appoints Former Wal-Mart Executive as Chief Information Officer
SEATTLE, Aug. 26 /PRNewswire/ -- In its continuing commitment to develop leading information systems technology that will define a new category of electronic commerce and distribution, online bookseller Amazon.com, Inc. (Nasdaq:AMZN) today announced the appointment of Richard L. Dalzell to the position of Chief Information Officer.
Dalzell joins Amazon.com from Wal-Mart Stores, Inc., the world's largest retailer, where he served as Vice President, Information Systems Division since 1994, having joined the company in 1990. As Wal-Mart's Information Systems executive responsible for all merchandising and logistics systems, he led the development of world-class supply chain systems, set the standard for international retailing and merchandising systems, and was instrumental in establishing the world's largest commercial decision support and data mining systems.
Dalzell's appointment completes the engineering and operations management team of the two-year-old online bookseller, launched on the World Wide Web in July 1995. Dalzell will deliver strategic systems and solutions to meet the needs of the company's burgeoning customer base. All corporate networks, logistics systems, electronic buying, accounting, and data warehousing systems fall into his domain.
Announcing the appointment, Jeff Bezos, founder and CEO of Amazon.com, said, ``There are very few people that have Rick's experience in large-scale retailing. His expertise in applying technology to merchandising is world-class.''
Amazon.com, Inc., Earth's Biggest Bookstore, is the leading online retailer of books and is the premier bookseller on AOL.com, Excite.com, and Yahoo! Amazon.com offers a catalog of 2.5 million titles, easy-to-use search and browse features, e-mail services, personalized shopping services, Web-based credit card payment, and direct shipping to customers. Amazon.com has virtually unlimited online shelf space and can offer customers a vast selection through an efficient search and retrieval interface. |
