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

To: igor who wrote (6007)	6/14/1998 7:37:00 PM
From: Glenn D. Rudolph	Respond to of 164684

Using acses.com, Amazon consistently charges more for most books than its competition. Is this proof of the power of its brand or its achilles tendon? If the latter, why don't competitors exploit this weakness? igor, I believe this tobe weakness and will show in a greatly slowed revenue growth during this quarter. Glenn

To: igor who wrote (6007)	6/15/1998 7:27:00 AM
From: Glenn D. Rudolph	Respond to of 164684

PRESS DIGEST - Wall Street Journal - June 15 Reuters Story - June 15, 1998 04:42 %PRESS %US %PRESS/WSJ GM MCIC WCOM ECI TGO.TO TGO COFI ALBK MO AET ACK C V%REUTER P%RTR NEW YORK, June 15 (Reuters) - The following stories were reported in Monday's electronic version of The Wall Street Journal: * Goldman Sachs & Co. Inc.'s top partners decided to pursue an IPO, a move that will transform the last big Wall Street private partnership into a publicly owned firm. Some partners may get stakes valued at more than $125 million. * The yen's fall is frustrating the U.S.'s strategies for Asia. But the booming U.S. economy is likely to keep the dollar strong and the yen weak. * Asian nations are stepping up pressure on Japan as the yen's slide makes Japan's products more competitive with other Asian countries' exports. * GM factories are likely to close this week around North America if the UAW's strike against two parts plants goes on, highlighting GM's vulnerability to the shutdown of key factories. * MCI and WorldCom executives met with EU regulators to form a plan for spinning off MCI's Internet business and win approval of their deal. * Excel Communications agreed to merge with Canada's Teleglobe . * Charter One is expected to announce an agreement to buy Albank Financial in a stock transaction valued at about $1 billion, continuing the consolidation in the thrift industry. * Producer prices rose 0.2 percent in May amid a surge in a prescription-drug category that analysts traced to one anti-anxiety drug's price rise. Without it, prices would have been steady. * Kraft Foods will launch a $50 million umbrella ad campaign this fall to boost the Kraft image, packing an array of food items into a single pitch. * Aetna is launching a programme aimed at speeding up payment of health-care claims that encourages doctors to file electronically. * Treasury yields continued to fall to historic levels, and some experts say their future direction will depend on the turmoil in Asia's economies. * Armstrong World will buy Triangle Pacific for about $890 million and the assumption of $260 million in debt. * Chrysler unveiled a modest standards-and technology-based plan aimed at upgrading its dealerships.