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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.23-0.6%3:59 PM EST
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To: Jan Crawley who wrote (36765)1/26/1999 5:07:00 PM
From: Rob S.  Read Replies (1) of 164684
 
I've heard a rumor from someone at AMZN that the loss will not be as large as expected. Whether that will be taken as a big positive, who knows?

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InfoWorld magazine, JAN 25, page 61, mentions a report put out by Marketing Corporation of America (MCA) that estimates that consumers spent a whopping "$8.2 billion on online retail purchases during the 1998 holiday season - almost three times as much as the organizations pre-holiday estimates of $2.3 billion. . . . As anticipated, books were the single most popular item, followed by computer goods, and music and video products."

That's a huge increase over last year - I wonder if Amazon is keeping up or falling behind in this growth? We should know more shortly. The cc starts at 2:30 PST.
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