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

AMZN 233.22

+1.8%

Nov 28 9:30 AM EST

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To: Oeconomicus who wrote (5705)	6/12/1998 12:39:00 AM
From: H James Morris	Read Replies (1) of 164684

William, trying to communicate with Amateurs, is like baby sitting. You end up just talking, to yourself. I copied this from the Internet Motley Fool. <Online bookseller Amazon.com (Nasdaq: AMZN) moved up $8 3/8 to $62 1/2 after launching its music store on the Web at 1 a.m. today, offering about 100,000 CD titles at discounted prices. The news isn't new, though; this has been in the works and has been publicly known for a while. Perhaps the bears realize that the company is building core competencies that can be applied to businesses with trillions of dollars in worldwide sales each year. A small proportion of those sales would be huge, even if the margins would be thin. The next stop for the Amazon.com distribution train may be video cassettes, building on its acquisition of privately held Internet Movie Database Ltd. in April. Fools in Atlanta and Los Angeles can listen in on Tom Gardner's discussion with Amazon.com CFO Joy Covey on the first broadcast of The Motley Fool Radio Show this Saturday. >

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