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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 222.69+0.1%Nov 19 3:59 PM EST

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To: fut_trade who wrote (1637)2/25/1998 8:48:00 AM
From: fut_trade  Read Replies (2) of 164684
 
Internet bookseller Amazon.com plans to tap music business
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I think this caused the pop yesterday -- I know, I know, it came out after the bell -- but who really knows when the big guys get to read it! We'll see how AMZN reacts today -- sell on the news???
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By Sue Zeidler

LOS ANGELES, Feb 24 (Reuters) - Amazon.com Inc., the largest seller of books on the Internet, said on Tuesday it is planning to tap into the growing online music business.

''The company has plans to enter the music business sometime in 1998,'' an Amazon.com Inc. spokeswoman said, adding that no further details were available.

Book sales are a big success for electronic commerce because it is easy for customers to sift through vast amounts of information and quickly place orders.

Seattle-based Amazon.com Inc. (AMZN - news) came out of nowhere about two years ago and developed the first ''virtual bookstore'' without a single retail location, causing a revolution in the retail book industry. In 1997, its revenues jumped more than nine-fold to $147.8 million...

biz.yahoo.com
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