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

To: Gary Korn who wrote (2523)	3/29/1998 8:04:00 PM
From: Glenn D. Rudolph	Respond to of 164684

This is old news but I missed it so here it is: Newsbytes - January 15, 1998 14:22 %ONLINE %SFO AMZN BGP V%NEWSBYTES P%NBYT NEW YORK, NEW YORK, U.S.A., 1998 JAN 15 (NB) -- By Craig Menefee, Newsbytes. Giant bookseller Barnes & Noble, online for less than a year as BarnesandNoble.com, has predicted its online sales volume will pass the $100 million mark in 1998. It arrived at the forecast by extrapolating from 1997 figures, which it says doubled in each of its first three quarters as an online bookseller. For the current quarter, ending January 31, the firm is projecting online revenues of $8 million, doubled from the $4 million of last quarter and quadrupled from the $2.1 million in sales it had in its first quarter online, which started last May. By way of contrast, Amazon.com [NASDAQ:AMZN], with which Barnes & Noble is widely considered to be in a battle for Internet bookselling dominance, reported online sales for the third quarter last year of $37.9 million. Amazon will post its next quarterly report January 22, an Amazon source told Newsbytes. However, Barnes & Noble has been putting sharp competitive pricing pressure on Amazon, which many analysts believe may have trouble maintaining a long, drawn-out price war with a rival that can draw on the huge resources that Barnes & Noble commands in the real world, outside of cyberspace. As the Amazon-BarnesandNoble.com fight continues, a third major bookseller, Borders Group Inc. [NYSE: BGP] of Ann Arbor, Michigan, said it will delay launch of its Borders.com Internet commerce site to allow for additional testing. Launch is expected to occur during the first quarter, the firm said. Barnes & Noble said the firm's "existing sales momentum, combined with the acceleration of its PC Meter ratings and Affiliate Network revenues," led to the sales forecast. continued