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

To: Olu Emuleomo who wrote (78587)	9/25/1999 3:03:00 PM
From: Randy Ellingson	Read Replies (1) \| Respond to of 164684

from the story: Yet even the Web retailers that aren't as ambitious as Amazon are faltering. "Most of the online retailers are doing terribly," says hedge-fund manager Eric Von der Porten, who has bought financial instruments known as "puts" on Amazon -- essentially, a bet the stock will fall. He cites the example of CDnow, until recently the leading music seller. CDnow's sales actually declined from the first quarter to the second quarter. After five years of operation, it consistently has losses nearly equal to its revenues. Ooops, I wonder why. Maybe Amazon's CD sales had something to do with this sales decrease. Randy