Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: puborectalis who wrote (92474)	1/28/2000 2:25:00 PM
From: Glenn D. Rudolph	Respond to of 164684

The shares have fallen by almost half from a high of 113 in December -- erasing about $17 billion in value -- on concern that Chief Executive Jeff Bezos' plans to spend more on advertising and new products would exacerbate losses. The job cuts raise concern about how much the company is spending. ``A lot of the Internet skeptics are saying this means Amazon.com isn't going to make it,' said analyst Thomas Wyman at J.P. Morgan, who rates the shares ``buy.' ``I think that's the wrong interpretation.' The cuts may indicate that new Chief Financial Officer Warren Jenson, who came from Delta Air Lines Inc. in September, is making Amazon.com more disciplined in spending, according to Wyman and the retailer's biggest outside investor. ``They're showing a commitment to profitability, and they probably saw that last quarter their costs were up,' said analyst Ron Sachs at Janus Capital Corp., which was Amazon.com's largest investor after Bezos as of September. Anyone believe Wyman or Janus have a interest here and are not nuetral?