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

To: BomboochaBoy who wrote (11479)	7/23/1998 8:46:00 AM
From: llamaphlegm	Respond to of 164684

Seattle, July 22 (Bloomberg) -- Amazon.com Inc.'s second-quarter loss widened as the No. 1 online bookseller attracted more customers yet spent heavily do so amid intense competition from Barnes & Noble Inc. and other Internet rivals. The loss for the quarter ended June 30 widened to $21.2 million, or 44 cents a share, from $6.7 million, or 16 cents, in the year-earlier period. Analysts expected a loss of 43 cents, according to First Call Corp. Sales more than quadrupled to $116 million from $27.9 million, while expenses more than tripled. Amazon's costs are rising as it advertises its traditional book offerings and spends to promote new music-selling and overseas ventures. The company, like many Internet-based retailers, is betting that heavy marketing will pay off with increased sales that will push it toward profitability. ''I'm not excited by these numbers. They fell within expectations,' said ABN AMRO analyst Scott Appleby, who rates the stock a ''hold.' >>Ignorance is rampid here<< rampant Touche Glenn and amen brother (I hope the Jan 99 puts don't get too much more expensive this am) P