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

AMZN 234.05

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To: Bill Harmond who wrote (57923)	5/23/1999 10:23:00 AM
From: tonyt	Read Replies (2) of 164684

>>>Covey stated unequivically that the revenues from auctuions and shot the web >>>will not affect the bottom line. >>In 2Q99, Glenn. We've been through this before. She did not say in Q2, the WSJ quoted her as saying that the auction business isn't likely to be a major contributor to Amazon's revenue for 'some time' (and that it will take significant investment). Did she revise her comment, or are you interpreting 'some time' as a qtr? Amazon will not be able to compete with eBay. I wouldn't be suprised to see them bow out of the auction business in a year.

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