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


To: Glenn D. Rudolph who wrote (101629)4/19/2000 10:19:00 AM
From: Sandman  Read Replies (1) | Respond to of 164684
 
Good morning Glenn, looks like frdy is holding up rather well. Back over 100 shortly. Hold strong. JB



To: Glenn D. Rudolph who wrote (101629)4/19/2000 11:24:00 AM
From: H James Morris  Respond to of 164684
 
Glenn,
Now you can order some wine on-line.
>Seattle, April 18 (Bloomberg) -- Amazon.com Inc., the biggest Internet retailer, said last year it invested $30 million in closely held WineShopper.com, a company that unveiled its Web site for selling wines today.

Amazon.com's investment helped to give it a 45 percent stake in WineShopper.com, based in the San Francisco and Napa Valley region of California, the company said. Venture capital firm Kleiner Perkins Caufield & Byers also has invested $46 million in WineShopper.com.

WineShopper.com's Web site offers about 1,400 wines and links more than 550 wineries, importers, suppliers and 250 wholesalers in the U.S. The company also has exclusive partnerships with Wine Spectator, Connoisseurs' Guide to California Wine and other publications to provide reviews and information.

WineShopper.com, which initially will only serve customers in California, plans to expand to as much as 80 percent of the U.S. market by the fourth-quarter holiday season, the company said. Marketing agreements with Seattle-based Amazon.com still have to be worked out, Amazon.com Chief Executive Jeff Bezos said on a conference call.

WineShopper.com's board of directors includes Michael Mondavi, president and CEO of Robert Mondavi Corp.

Amazon.com, which started selling books on line in 1995, has been adding toys, consumer electronics and other products and services to attract customers and boost sales.

Shares of Amazon.com rose 7 7/8, or 17 percent, to 54 15/16 on the Nasdaq Stock Market.

Apr/18/2000 16:23