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

To: HG who wrote (122524)	4/2/2001 4:12:56 PM
From: manalagi	Read Replies (3) \| Respond to of 164684

I find this thread absolutely hilarious !!!!! Don't you ? Happy: See I love you already!! Promise me not to show the following to impristine. He is already angry, I don't want to make him insane: Amazon shares sink after Bezos talks By Jennifer Waters, CBS.MarketWatch.com Last Update: 2:36 PM ET Apr 2, 2001 LAS VEGAS (CBS.MW) - When Jeff Bezos speaks, Amazon.com shareholders sell. At least that was the case again Monday after the Internet retailer's chief executive admitted at a conference that he regretted some of the investments he's made in other fledgling electronic-commerce concerns. Companies such as Living.com and Pets.com are now defunct, at a costly price tag to Amazon. "If we could rewrite that bit of history, we would," Bezos said at the Goldman Sachs electronic commerce conference. The conference was closed to the media, but some companies such as Amazon broadcast their presentations over the Internet. Amazon (AMZN: news, msgs, alerts) shares sunk to their lowest levels in more than three years after Bezos' comments. In recent trading, Amazon shares were changing hands at $8.71, off 15 percent. Since early November, Amazon shares have plunged an eye-popping 80 percent, often tied to comments the customarily candid Bezos has made about investing in Internet companies such as his. Shareholders also have ditched the stock as analysts have expressed growing concerns about whether the company will be able to have enough cash to last through this year, not to mention make an operating profit by the end of the year as Bezos has promised. And then there's the ongoing issue of whether the business plan is a viable one to begin with. But, as usual, Bezos deflected those comments. "We are super-committed," he said, referring to efforts to reach profitability by year-end. But he repeated his comments from the first quarter conference call that operating profits would not come "at any cost."