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Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: dbblg who wrote (62760)6/16/1999 2:10:00 AM
From: Tae Spam Kim  Read Replies (1) | Respond to of 164684
 
Amazon.com and Sotheby's Alliance
Following eBay's acquisition of a prestigious traditional auction house, Amazon.com is fighting back by announcing an alliance with Sotheby's. Amazon.com will invest $45 million in famous old-guard firm and work together on internet auctions.

Amazon.com Inc. and Sotheby's Holdings Inc. have entered an alliance to sell art and collectibles online this year, the New York Times said. Amazon.com will invest $45 million in Sotheby's, one of the leading names in art auctions, including a purchase of 1 million shares of stock for $35 each. Sothebys.amazon.com will offer collectibles from professional dealers while Sothebys.com will sell more traditional auction-house fare, the newspaper reported. - Bloomberg



To: dbblg who wrote (62760)6/16/1999 6:04:00 AM
From: Tom D  Read Replies (2) | Respond to of 164684
 
When is the last time the NYT wrote something positive about Silicon Valley?

I still recall the hatchet job in the NYT magazine called "Down and Out in the Valley" which is now laughable in is descriptions of excesses and predictions of imminent demise.

Who on this thread thinks AMZN has a short-sighted business plan, or is out to sacrifice long-term viability for short-term profits?

'Nuff said.

Tom


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