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Technology Stocks : Altaba Inc. (formerly Yahoo)
AABA 19.630.0%Nov 6 4:00 PM EST
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To: The_Guru_00 who wrote (19179)1/27/1999 12:11:00 AM
From: Holyman  Read Replies (1) of 27307
 
Guru:

Re: <BTW, I will bet you a buck that Q1 revenue are not higher than Q4. Unless all of those unfilled Christmas orders due to lack of inventory are being counted in January. Take a look at Musicland, Barnes, Trans World Music, etc. Seasonality is a fact in retail. I don't see how they grow through that trend. Bookmark this post and prove me wrong. I don't think I will be.>

Guru, apparently some people are confused between "sales" or "revenue" and "growth." I believe, the CFO meant that the "growth" (not "sales") in Q1 will be higher than Q4. Unfortunately, Nasdaq quoted her the wrong way. The following are the misquotation from Nasdaq:

From NASDAQ: "Amazon.com Inc. Chief Financial Officer Joy Covey said Tuesday the online retailer expects first-quarter sales to be higher than the record $253 million posted in the fourth quarter."
"At this time we do anticipate some sequential growth in Q1," she said in a conference call with analysts that was broadcast over the Internet. "It's too early to say whether this will be anything more than slight growth."
"She said she expected the sales growth even though January sales were likely to be down "markedly" from the seasonally strong December revenues, which rose to as high as $6 million on the peak sales day."

God Bless.
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