The same analysts with strong buys had them when we were at 199.
As I have been saying AMZN growth rate is severely off the mark!!!
Do you think they would be pissed if their advertising campaign was working and bringing in new customer base or offering desperado coupons. See you at 120 tomorrow.
Amazon.com puts Foote, Cone & Belding on 30-day notice
SAN FRANCISCO, March 17 (Reuters) - Internet book retailer Amazon.com (Nasdaq:AMZN - news) threatened to leave advertising agency Foote, Cone and Belding, a unit of True North Communications, if it does not improve performance on the account, an agency spokesman said.
Tom Robbins, spokesman for FCB in San Francisco, told Reuters the agency received a letter from the Seattle-based Internet company giving them 30 days' notice, but he declined to give further details.
Amazon.com, which spends about $40 million a year on advertising, did not return phone calls.
Earlier this week, the company launched its first TV campaign in a year about a fictitious search for a location to house its bookstore. The new ads are based on a radio and print campaign that Amazon.com ran previously.
FCB, which recently laid off 35 employees, has been experiencing a rocky period since it lost clothing company Levi Strauss's $90 million jeans business a year ago.
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