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To: stockman_scott who wrote (152882)	2/2/2000 9:22:00 PM
From: stockman_scott	Read Replies (1) \| Respond to of 176387

~OT~...The AMZN CEO actually used 'the P Word'...Amazing.... zdii.com Here are some highlights... <<Clearly, Amazon.com's philosophy of foregoing profitability for the foreseeable future and increasing expenses to provide top-notch customer service has rankled some analysts. Officials on a conference call, however, moved to smooth things over. It worked. Amazon.com's shares jumped to 77 in after-hours trading after closing up 2 to 69 7/16 in the regular session. Bezos uses the "P" word Chief financial officer Warren Jenson said its fourth quarter operating loss was at the high point and would come down throughout 2000. "We have reached a tipping point in the business," said CEO Jeff Bezos, who said "profits" or "profitability" more than once. Bezos cited six goals: boost customer count, pursue operational excellence, continue to expand, expand internationally, partner with other e-tailers, and "drive toward profitability in each and every business we're in." Bezos said margins would improve substantially. "Our investment curve should be less steep and our time to profitability should be shorter," he said. "We expect overall losses to decrease.">>