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


To: H James Morris who wrote (115949)1/22/2001 6:54:56 PM
From: Glenn D. Rudolph  Read Replies (1) | Respond to of 164684
 
>STAMFORD, Conn., Jan 22, 2001 (BUSINESS WIRE) -- While billions of dollars were spent online this past holiday season, U.S. consumers spent most of this money at a small number of Web sites, according to a new survey by Gartner Group, Inc. (NYSE: IT chart, msgs and chart, msgs ITB chart, msgs). Eighty-seven percent of the consumers who bought on the Web told Gartner they spent their holiday gift dollars at a maximum of three different retailers' sites. Amazon.com was the most dominant purchasing site, with over a quarter of all buyers (28 percent) purchasing at least some gifts there. No other site attracted even half as many buyers.
Gartner's survey showed that nearly 25 million American consumers bought gifts online this past holiday season. The results of the survey showed these consumers spent nearly $6.2 billion online for holiday gifts.



James,

You did not ask me but the numbers do not add up based on a Q4 sales pre-announced of $960 million for Amazon.

Glenn



To: H James Morris who wrote (115949)1/22/2001 9:00:20 PM
From: Victor Lazlo  Respond to of 164684
 
"Victor, what's wrong with this survey? "

The main problem is there's no socializing to this "online shopping".

Americans go to malls to socialize; shopping is secondary. How many people do you see at the mall alone? How many women do you see at the mall alone? I see very few.

I see women with their moms, their sisters, their
girlfriends; I see guys with their wives and girlfriends. I never see guys with their guy friends. There is no score for that becuase it never happens.

(But a lone guy sighting= 1000 points; even this is very rare but not unheard of.)

Chldren are commonly sighted because of climate and "pass-the-time" factors. They get very low points.

As do teenagers. Now here we enter the "other side." Teenagers are the ultra-socializers at the mall. The mall is their turf, and they dominate. Meet their needs and whimsical desires at the mall, and you will quickly become rich. But misjudge their fickle and transient tastes by two weeks, and you are doomed.

So the poll is an ignorant poll. I guess that's what's wrong with it!
Victor