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

To: Glenn D. Rudolph who wrote (72489)	8/6/1999 9:54:00 PM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

>>As the growth of new U.S. internet users slows on a percentage basis, for example, the entire industry will likely find it harder and harder to reduce customer acquisition costs—as loyalties will be developed and there will simply be fewer newcustomers to go around. That is good news for Amazon. They have been saying customer acquisition costs can only go higher for everybody. This is a key point. I think the revenue per customer issue will resolve itself over time.