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: H James Morris who wrote (128886)	7/24/2001 12:24:43 AM
From: Glenn D. Rudolph	Respond to of 164684

CNBC reports the $100 million is for a strategic alliance agreement for Amzn to build AOL an e-commerce platform which won't be available until next year. The $100 million is to be paid over an undisclosed period of time, but over several years was mentioned. I believe CNBC was incorrect. The cash goes to Amazon by July 31, 2001. The e-commerce platform won't even be ready until 2002. One would think if there was not a "family connection," that one would pay for the work as it progresses. In addition, Amazon did something like $660 million in revenue in e-commerce in Q2. AOL did $4 billion I believe. I would really have to look those numbers up to be precise.