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

AMZN 229.12

-0.2%

Nov 26 3:59 PM EST

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To: Gary Walker who wrote (23452)	10/28/1998 5:38:00 PM
From: L.J. Hoffman	Read Replies (1) of 164684

Check the last paragraph...the bigger the losses the more "successful" they become. Amazon.com sees progress to profitability SEATTLE, Oct 28 (Reuters) - Amazon.com Inc. Chief Financial Officer Joy Covey said Wednesday the online retailer was making ''steady progress'' toward profitability in its core book sales business. ''The trend has been steady progress toward profitability,'' she said, referring to business generated on the company's main Amazon.com Internet site. But she and Chief Executive Officer Jeff Bezos said in a conference call with three reporters that the company was less concerned with profits than with building a successful business. (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------

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