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

To: Danny who wrote (116385)	1/29/2001 11:20:20 AM
From: H James Morris	Read Replies (2) \| Respond to of 164684

Danny, bought Amzn at 19. This will probably be a burger flip. >One of several Web sites specializing in rumors reports that Amazon.com (AMZN: news, msgs) was set to cut as much as 20 percent of its staff Monday. That could be as many as 1,500 people. Customer server and distribution divisions were said likely to feel the greatest impact at the Web retailer. The source of the report, DotComScoop.com (http://www.dotcomscoop.com/), is operated by 24-year-old Benjamin Silverman. It started last December, and was among the first to break news of layoffs at DoubleClick (DCLK: news, msgs). Its Amazon.com item, posted Saturday afternoon, quoted a source close to Amazon as saying, "Amazon is beginning to operate in a traditionally corporate way. And part of this strategy is to constantly look for ways to cut costs and expand at the same time." Amazon, which is to report fourth-quarter results after the stock market's close tomorrow, issued a denial of the report when contacted by CBS.MarketWatch.com.