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

To: zax who wrote (116966)	2/7/2001 2:11:04 AM
From: Glenn D. Rudolph	Respond to of 164684

Although Amazon.co.uk is Britain's second-most-visited retail Web site and it's met its sales targets, the subsidiary is expected to bear the brunt of cost-cutting by its U.S. parent, the newspaper said. Seattle-based Amazon.com said last week it will fire 1,300 people, or 15 percent of its workforce, in an effort to reach profitability by trimming costs. This in no way makes sense when taken in the context of the conference call about sales in the UK. and several say the international business will be hit harder than it has been so far, Sunday Business reported. The number of employees at the Thames Valley, England-based unit has been reduced and is likely to fall further, the paper said, without citing figures. If this newspaper is accurate, Amazon management better really hide behind the safe harbor statement. I guess Curry does not read this thread. I did locate where Bezos stated Amazon would be able to sell everything on the web. Curry now denies that. It is ok because I suspect Curry will be out job hunting in about six months. Glenn

To: zax who wrote (116966)	2/7/2001 2:11:38 AM
From: Glenn D. Rudolph	Respond to of 164684

Although Amazon.co.uk is Britain's second-most-visited retail Web site and it's met its sales targets, the subsidiary is expected to bear the brunt of cost-cutting by its U.S. parent, the newspaper said. Seattle-based Amazon.com said last week it will fire 1,300 people, or 15 percent of its workforce, in an effort to reach profitability by trimming costs. This in no way makes sense when taken in the context of the conference call about sales in the UK. and several say the international business will be hit harder than it has been so far, Sunday Business reported. The number of employees at the Thames Valley, England-based unit has been reduced and is likely to fall further, the paper said, without citing figures. If this newspaper is accurate, Amazon management better really hide behind the safe harbor statement. I guess Curry does not read this thread. I did locate where Bezos stated Amazon would be able to sell everything on the web. Curry now denies that. It is ok because I suspect Curry will be out job hunting in about six months. Glenn Edit