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

To: H James Morris who wrote (149851)	11/10/2002 10:43:25 AM
From: Alomex	Read Replies (3) \| Respond to of 164684

Amazon expects to lose as much as $68 million over the life of its leases for unnecessary office and warehouse space.<< >>But no one is biting. This is a big problem in Seattle. The amount of office space available went up from nearly zero to the highest in a decade. Dot.com companies were so overstaffed (including Amazon) that even after a substantial recovery they still won't need all the space they had signed for. Lastly, Amazon being a low margin retailer shouldn't be in relatively expensive Seattle... (Walmart's are in Bentonville, Arkansas).