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

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: John May who wrote (901)	12/1/1997 9:43:00 AM
From: Oeconomicus	Read Replies (1) of 164684

So, the internet share of GLOBAL retail book sales will be 10% by 2000? Yeah, right! OK, I'll do the research. bea.doc.gov According to the US Bureau of Economic Analysis, gross output in current dollars for SIC#5942 (Retail Trade-Book Stores) was $5,596mm for 1996. The avg annual growth rate since 1990 was 7.75%. Projecting that growth rate (assuming no slowdown) to 2000 yields sales that year of $7.54 billion. Are you telling me, John, that Amazon will sell enough books in 2000 to account for 13.3% of the US retail book store industry? That they will do this volume via the internet, with no brick and mortar? We'll see. Bob

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