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


To: Skeeter Bug who wrote (123449)4/10/2001 7:45:17 PM
From: Boplicity  Read Replies (2) | Respond to of 164685
 
Amazoncom May Unveil Retail Partnership Tomorrow, Analyst Says


New York, April 10 (Bloomberg) -- Amazon.com Inc. may announce a partnership tomorrow with a traditional retailer, similar to the alliance between the No. 1 Internet merchant and Toys ``R'' Us Inc., an analyst said.

Amazon.com scheduled a press conference in New York at 8 a.m. local time with Chief Executive Jeff Bezos. No other details were available, said Richele Craveiro of Golin/Harris International, the public relations firm helping organize the event. Amazon.com officials couldn't be reached to comment.

The Internet merchant has an alliance with Toys ``R'' Us, the biggest retail toy chain. Amazon.com is expected to form similar arrangements with other kinds of merchants, analysts said. In March, TheStreet.com said Amazon.com was discussing a potential alliance with Best Buy Co., the top electronics chain.

``If I were to guess (the nature of the press conference), I would think this is possibly an announcement with another retailer,'' said Salomon Smith Barney analyst Tim Albright, who has an ``outperform'' rating on Amazon.com stock.

The alliance may be with an apparel or electronics merchant, he said. Amazon.com, which started as a book dealer, doesn't have a clothing site. Electronics is its biggest business after books, music and videos.

Under the toy partnership, Seattle-based Amazon.com handles warehousing and customer service, while Toys ``R'' Us selects inventory. The agreement paired an Internet retailer that had trouble learning the toy business with a toy-industry leader that had difficulty making inroads on the Internet.

Electronics

Amazon.com's success in electronics, which helped the Web merchant narrow its fourth-quarter loss, wouldn't necessarily preclude the company from linking up with a ``brick-and-mortar'' chain, Merrill Lynch & Co. analyst Henry Blodget said.

``If there's a good deal to be struck with a major electronics retailer, I think you'd see Amazon.com be happy to do that,'' said Blodget, who has an ``accumulate'' rating on the stock. ``I think over time Amazon.com will be increasingly ambivalent about whether it is the direct retailer of goods or whether it is simply facilitating a third party.''

Best Buy spokesman Jim McManus and Jim Babb, a spokesman for No. 2 electronics-chain Circuit City Group, declined to comment.

Amazon.com shares, which have dropped 81 percent in the past year, rose 83 cents to $12.01. The news conference was announced after the close of U.S. markets.



To: Skeeter Bug who wrote (123449)4/11/2001 2:40:44 PM
From: Wayners  Respond to of 164685
 
Our current money supply growth is unsustainable and at some point people will start to lose confidence and start to unload their dollar denominated assets. Right now however, the dollar is still getting stronger in the face of money supply growth. I read an interesting article last nite with regard to who is creating that money supply growth. Some people don't think its the Fed but rather Freddie Mac. Might have been Fannie Mae. It was one of those two. Have to find the link. People begin to worry when they think they're going to lose money, i.e. their dollar denominated debts are not going to be repaid or their dollar denominated equity or real estate assets are rapidly declining in value.