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

To: H James Morris who wrote (89877)	1/5/2000 5:25:00 PM
From: Jay Rommel	Respond to of 164684

Do you Folks know who Tokyo Joe is? dailynews.yahoo.com

To: H James Morris who wrote (89877)	1/5/2000 10:13:00 PM
From: Glenn D. Rudolph	Respond to of 164684

From the Amazon press release today: "Consistent with our strategy, we went all-out to make sure we delivered for customers this holiday season," said Warren Jenson, Amazon.com chief financial officer. "As a result, our higher seasonal sales will not translate into lower net losses in the fourth quarter. In addition, we will incur higher-than-expected inventory-related charges and write-downs, in large part because we carried deep inventory in start-up businesses such as toys and electronics." Amazon.com expects to release complete 1999 fourth quarter and fiscal year financial results on February 2, 2000." If one were to read this literally, Amazon is saying that if they provide a good shopping experience, losses will be larger. The last few years the firm has stated they are a customer concentric company with the goal of providing the best shopping experience. They seem to also imply that to meet this goal profits are very difficult to attain.