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


To: Bill Harmond who wrote (111054)10/24/2000 3:52:29 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 
The revamped (serious) version is almost a year old and its's closed for version three.

walmart.com


Are you trying to make some kind of a point?

Did you know that sequentially Wal-Mart is now growing faster than Amazon or about equally as fast but on just a tiny larger sales base?

Another trivia issue. Wal-Mart's sequential quarterly revenue growth exceeds Amazon's total yearly sales.

I don't have profit trivia handy.



To: Bill Harmond who wrote (111054)10/24/2000 3:58:32 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
>The column concedes that even e-tail bears expect an uptick in shares of Amazon and the like as holiday sales and hype kick in. But, as it has throughout those one-time start-ups' existence, the Arkansas Goliath looms large.
siliconinvestor.com



To: Bill Harmond who wrote (111054)10/24/2000 5:24:49 PM
From: Robert Rose  Read Replies (2) | Respond to of 164684
 
Are you still in that dog of a stock, I mean amzn?? (serious question)

I just bot a Sierra Club engagement calendar for 11.65 thru one-click, and now find I'm paying at least 4.50 shipping.

I am swearing off that etailer. This is customer abuse. The last time I looked, was at their patio furniture dept., no Brown Jordan.

Sayonara, amzn!



To: Bill Harmond who wrote (111054)10/24/2000 7:32:59 PM
From: H James Morris  Read Replies (1) | Respond to of 164684
 
Wow!
2 years after you posted Amzn is cash flow positive you finally might be right.
>Amazon.com chief executive Jeff Bezos noted that its new businesses, such as electronics, toys, computer games, garden tools and kitchenware, were thriving. The company's electronics business is now the second-largest section of Amazon.com, just behind the original books division in sales.

``The new product categories work. It's as simple as that,'' said Bezos, noting that some Wall Street analysts had thought otherwise. ``It's very, very clear that these businesses are growing, and growing rapidly.''

The company also revealed that the Securities and Exchange Commission had asked for details about its Amazon Commerce Network, which represents partner companies who pay Amazon.com for a presence on its popular Web site.

The SEC questioned Amazon's accounting procedures for transactions, and Amazon.com said it was cooperating, though the company added that it believed it had done nothing wrong.

Going into the fourth quarter, where Amazon.com usually sees a major holiday sales surge, the company tried to reassure investors by noting it had $900 million in cash and short-term assets on hand - more than enough to get it through 2001.

Still, Amazon.com will spend some $200 million between now and March 31 to ensure it keeps its holiday record for deliveries intact. Last year, over 99 percent of its holiday shipments arrived before the holidays.

After that, Bezos said the company will be ``cash-flow positive,'' meaning that although there will be losses, there will be enough money coming in through regular operations to keep the company running.

It's the last hurdle before outright profitability, which Bezos and Jenson still refuse to comment on.

Bezos said the company is ``really excited about Christmas,'' and is working to expose the breadth of its product offerings to its customers. Bezos noted that only 21 percent of Amazon.com customers had bought something other than books, music or videos on the site.

``We see that as a great opportunity to expose them to all the other things we have to offer,'' he said, noting that a year ago, the figure was only at 4 percent.

For the nine months ended Sept. 30, Amazon.com lost $866.1 million, or $2.48 per share, on revenue of $1.79 billion. In the year-ago period, the company lost $396.8 million, or $1.23 per share, on revenue of $963.8 million.

On the Net: amazon.com