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

To: H James Morris who wrote (87657)	12/16/1999 6:51:00 AM
From: Glenn D. Rudolph	Respond to of 164684

Did you know that Internet shopping is growing? It tripled last year and is expected to double this year. But most purchases continue to be made in person. Internet shopping still represents about 0.1% of consumer spending. That is why I continue to love Wal-Mart, but choose to speculate with Amzn. James, I no longer take any position in AMZN because I am clueless regarding the way the market will move it. I amy as well take positions in stocks I have some kind of clue<G> Anyhow, I believe I can speak from the perspective of having both online and real stores. I began contruction of my site on October 7, 1999. It was not even functional until the end of October. We have had 700 hits to date. We have made 22 sales all of which have been gift cerficates that I suspect will be used in the real store. The gift cerficates total less than .05% of our sales. We made the local market aware of our site via placing it with each of our advertisements that are print or radio. TV is very fragmented here so I do not use it. I am trying to determine how much it would cost to obtain 12 million cumulative customers. Let's put this in perspective. My additional advertising costs were almost nil. Store revenue is up cose to 40% this year and I believe it is due mostly to a strong retail season in general. We will turn a profit this year even on the web site so I am totally confused how Amazon could lose a billion dollars or more and people still be enamored with it. Glenn