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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (27659)	7/23/1999 7:50:00 PM
From: IQBAL LATIF	Respond to of 50167

Can't ignore this... a rehash of my DVD story... Amazon.com's analyst day, held Friday in Seattle, helped to lift shares of the online retailer from a low of 103 in the session to end the day up 7 3/8, or 6.9 percent, to 114 9/16. Amazon executives defended their aggressive investment in warehouse infrastructure and outlined the magnitude of their opportunity, which they indicated approached $400 billion in worldwide sales this year, said Chris Vroom, Internet retailing analyst at Thomas Weisel Partners who attended Amazon's analyst day in Seattle. Vroom added that he expects 25 percent of those global sales to move online within the next five to ten years, with Amazon accounting for 40 percent of that slice. In other words, a $40 billion revenue opportunity for Amazon over that period. Friday's bounce also followed a 15 percent nosedive Thursday after the Seattle-based e-tailer said it's staying on the course of aggressively building its brand name and infrastructure. The company said it increased sales by 171 percent to $314 million in its second quarter as the number of new customers grew to 10.7 million. With that expansion came increasing expenses.