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

AMZN 220.66

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Nov 21 3:59 PM EST

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To: 16yearcycle who wrote (50165)	4/14/1999 12:19:00 PM
From: Glenn D. Rudolph	Read Replies (1) of 164684

Tuesday April 13, 7:26 pm Eastern Time Amazon.com to open huge Kansas distribution center SEATTLE, April 13 (Reuters) - Internet book and music retailer Amazon.com (Nasdaq:AMZN - news) said on Tuesday it would open its largest distribution center so far, in Coffeyville, Kan., to reduce shipping times to cities such as Chicago, St. Louis, Dallas and Minneapolis. The existing 460,000-square-foot facility will be expanded to more than 750,000 square feet -- more than 17 acres -- this year, the Seattle-based company said. The center is expected to begin operations during the second half of this year.''This facility is so large that we can stock an incredible number of titles ready to ship right away,'' said Jimmy Wright, Amazon.com's chief logistics officer. I am very confused. The concept was AMZN was to sell the book and be paid for it immediatly. The carrying of inventory was a rope around the brick and mortar firms. I may post some reports from a year ago from Mary Meeker and Keith Benjamine about how this model was to work. Glenn

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