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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 226.57-1.6%10:25 AM EST

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To: llamaphlegm who wrote (16978)9/12/1998 2:14:00 PM
From: Bill Harmond  Read Replies (4) of 164684
 
>>Where in the world are you getting ANY data to back this up????

Amazon.com (AMZN): AOL - Part Deux!, Morgan Stanley Research, August 4, 1998:

Profitability: Operating losses as a percentage of revenues have consistently declined. Scale has allowed AMZN's costs to decline as a percentage of sales.


Mary's statement is supported Amazon's quarterly reports. Sales and Marketing as a percentage of revenue for quarters ending: 6/97 27.9%, 9/97 28.9%, 12/97 24.7%, 3/98 22.3%, 6/98 22.8%.

As I pointed out, Amazon's sales and marketing expenses (23% of sales) are a fraction of CDNow's (77%), and N2K's (107%).
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