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


To: Skeeter Bug who wrote (120173)3/11/2001 11:21:30 PM
From: Alomex  Read Replies (2) | Respond to of 164684
 
shipping is cheap. the *real* cost is transparent information available to the customer and ease of substitution.

What do you mean cheap? $4.50 for a book is 10-20% of the price of the book. That cancels almost any discount you can get....



To: Skeeter Bug who wrote (120173)3/12/2001 8:03:38 AM
From: Gary Korn  Read Replies (2) | Respond to of 164684
 
Sunday March 11, 9:35 pm Eastern Time
Amazon to Small Investors: Beware of Web

LONDON (Reuters) - The founder and chief executive of the Internet's No. 1 retailer, Amazon.com Inc (NasdaqNM:AMZN - news), has told small investors not to put their money into Web stocks, the BBC reported on Monday.

``We are not a stock you can sleep well with at night,'' Jeff Bezos was quoted as saying by the BBC ahead of his appearance on the network's Money Program on Wednesday.

``We think over time we'll build a very valuable company,'' he said. ``But for a short-term investor, or for a small investor, I would not invest in Internet stocks.''

Amazon has lost around 80 percent of its value over the past year amid concerns that the on-line book and music retailer will never turn a profit.

Shares in the firm fell back from earlier gains last week after cold water was poured on reports that Bezos had met the chief executive of U.S. retailer Wal-Mart to discuss a potential tie-up.

On Sunday, the firm dismissed charges that it was suffering ''a credibility crisis'' after questions about the reliability of management comments were raised by a group of U.S. security analysts.