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

To: GST who wrote (151883)	1/23/2003 6:16:27 PM
From: Ron	Read Replies (1) \| Respond to of 164684

Amazon.com Inc. posted a fourth-quarter profit -- only its second ever -- as sales saw a sizable boost during the December shopping season. It also raised its sales outlook for this year. The Seattle online retailer posted fourth-quarter net income of $3 million, or a penny a share, compared with $5 million, or a penny share, in the same quarter last year. Sales in the fourth-quarter rose to $1.43 billion, up 28% from $1.12 billion in the year-earlier quarter. In October, Amazon said it expected fourth-quarter revenue between $1.33 billion and $1.43 billion. The company said its sales of books, music and DVDs grew 13% to $606 million, while sales of electronics, tools and kitchen items rose 21% to $262 million. The all-important December shopping season was crucial for Amazon, which boasted late last month that it saw its "busiest shopping season ever" in 2002. Amazon reported impressive revenue growth throughout the year, but profits remained elusive as the company undertook aggressive price-cutting measures, including free shipping on purchases of $25 or more. The company's chief executive, Jeff Bezos, said Thursday that Amazon planned additional free-shipping offers throughout 2003. The company is making its free shipping on orders over $25 "a full-time, year-round offer," said Mr. Bezos in prepared remarks. The company forecast first-quarter sales between $1.025 billion and $1.08 billion. Amazon also predicted a first-quarter pro forma profit of $5 million to $20 million, or between one cent and five cents a share, bracketing First Call's current forecast of three cents a share. The company said it expects sales to grow over 15% for the year, up from its October forecast of 10% growth. Based on 2002 sales of $3.93 billion, Amazon is projecting 2003 sales of more than $4.52 billion, which would beat analysts' current forecast of $4.43 billion. Amazon reported results after the close of trading Thursday. Shares were up 62 cents, or 2.9%, to $21.79 at 4 p.m. on the Nasdaq Stock Market. dow jones

To: GST who wrote (151883)	1/24/2003 10:39:59 AM
From: Bill Harmond	Read Replies (2) \| Respond to of 164684

LOL You are shovening it, GST. How does Starbucks open 3800 new stores while opening 6000 new stores in China? US-based cafe chain Starbucks will continue its expansion strategy in China, planning to expand its stores in north China to 50 next year, Beijing Business Daily reported on Nov.19. Since the first Starbucks in China opened in Beijing in 1998, there are now more than 30 cafes in the capital and its neighboring city Tianjin. Four additional cafes are scheduled to open in the two cities by the year-end. ce.cei.gov.cn