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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: Bill Harmond who wrote (33325)	1/8/1999
From: Glenn D. Rudolph	Read Replies (2) of 164684

>>"no inventory, positive carry I think we covered this about six months ago. Amazon is carrying more inventory, buying more of it direcly from publishers at better prices, and, since Amazon gets paid up front and uses sophisticated (not stolen) just-in-time inventory management, they get paid before they pay their vendor. Positive carry. This better pricing sure has positively impacted gross margins<VBG> Many inventoried books will sit on the shelf a long time prior to being bought just like any bookseller. Just in time?? Yeah right! Glenn

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