Roger's 1998 Short Picks Message Board

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Strategies & Market Trends : Roger's 1998 Short Picks

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To: Pancho Villa who wrote (5414)	3/24/1998 12:56:00 AM
From: Candle stick	of 18691

Here are three rather negative articles on AMZN that are out today: From CBS market watch: Bertelsmann all booked up for online retailing Amazon: Book seller poised to slide? By Thom Calandra & Emily Church, CBS MarketWatch Mon Mar 23 17:29:29 1998 cbs.marketwatch.com German media group Bertelsmann AG's purchase of American publisher Random House could keep online book seller Amazon.com in red ink well into the next century. From Forbes ASAP: forbes.com An excerpt, This company defines dynamic, even as it scrambles to make money. Founder Jeff Bezos, a former Wall Streeter, seized technology and created opportunity. The result? The world's first online bookstore and a total upheaval in the centuries-old art of bookselling. The problem? Amazon.com as a business is far from perfect. Its costs are out of whack; its service orientation weak. Wall Street now wants better business fundamentals, less fairy tale. From CBS, Bertelsmann buying Random house, cbs.com "Random House will also provide a wealth of titles for a new online book-selling venture that Bertelsmann is planning to compete with Amazon.com and Barnes & Noble. Bertelsmann announced plans last month to develop BooksOnline, which aims to sell titles by all publishers in several languages." .....I really like the part in the Forbes article that refers to the AMZN company as fairy tale............;^)

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