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

To: H James Morris who wrote (129269)	7/28/2001 11:49:22 AM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

"Buy the Books Despite the industry-wide slowdown in online book sales that took hold earlier this year, Barnesandnoble.com said its core consumer business registered 8 percent year-over-year growth. By comparison, chief competitor Amazon.com (Nasdaq: AMZN) reported July 23rd that its core books, music and video category grew 1 percent during its second quarter. " "Looking ahead, the company forecast third-quarter net sales will fall between $95 million and $105 million, resulting in a pro forma net loss of 19 cents to 23 cents per share. By comparison, the online book seller reported sales of $91 million and a loss of 28 cents per share during the third quarter of 2000. It also left the full year outlook unchanged, with projected sales to be in the range of $420 million to $475 million and a loss of 75 cents to 85 cents per share. Barnesandnoble.com said it entered the third quarter with no debt and $134.7 million in cash and marketable securities. Going into the second quarter, Barnesandnoble.com reported that it had $174.5 million. "