Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Victor Lazlo who wrote (127505)	6/29/2001 10:31:23 PM
From: H James Morris	Read Replies (2) \| Respond to of 164684

>I should have. Alas, almost doesn't count.... In the 80's a guy I knew came to me asking If I'd like to invest in his new idea. It was a discount warehouse retailing business model which its shoppers would have to pay an annual fee, just for the right to shop there. I thought he was crazy at the time. I said no thanks. His name is Jeff Brotman...the company is called Costco... He started it in Seattle...don't tell me almost doesn't count. Trust me...I know! >Costco Wholesale Corporation operates warehouses that offer low prices on a limited selection of nationally branded and selected private label products in a wide range of categories in no-frills, self-service warehouses. For the 24 weeks ended 2/18/01, revenues increased 9% to $15.94B. Earnings fell 2% to $306.1M. Revenues reflect the opening of new warehouses. Earnings were offset by higher wage rate and preopening costs. Sector: Services Industry: Retail (Specialty) Costco Wholesale Corp. 999 Lake Drive N/A Issaquah, WA 98027 Phone: (425) 313-8100 Fax: (425) 313-8114 Employees: 78,000 Officers: Jeffrey Brotman, Chmn., James Sinegal, Pres./CEO, Richard Galanti, Exec. VP/CFO, Richard DiCerchio, Sr. Exec. VP/COO. Sales (TTM): 34,251.67M