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

To: H James Morris who wrote (15906)	9/3/1998 6:23:00 AM
From: H James Morris	Respond to of 164684

It appears that Morgan Stanley, Yhoo and Amazon.com are getting into bed. <Tokyo, Sept. 3 (Bloomberg) -- Amazon.com Inc., an online book retailer, agreed to pay $3.85 million to Internet search service Yahoo! Japan Corp. for setting up an access button to Amazon.com's online shop from Yahoo! Japan's website. Yahoo! Japan is a joint venture between U.S. Internet service provider Yahoo! Inc. and Japanese computer software wholesaler Softbank Corp. Softbank owns 31 percent of U.S. Yahoo! The latest deal follows Amazon.com's agreement to pursue its overall business relationship with Yahoo! on a worldwide basis, Yahoo! Japan said in a release. Under the agreement, Yahoo! Japan will maintain from April next year through March 2001 an access button on its website to Amazon.com. Amazon.com will pay Yahoo! Japan roughly $250,000 by March 1999, and another $1.32 million next year and $2.28 million in 2000, in quarterly installments, the release said. Yahoo! Japan has 13 million daily visits to its website, making it one of the most popular online destinations for Japanese Internet users. ''In Japan, more than half the users of Yahoo! Japan have experienced shopping products on the Internet. We hope the latest alliance will accelerate the spread of Internet shopping in Japan,'' Yahoo! Japan said. Yahoo! Japan shares -- traded over-the-counter -- rose 500,000 yen ($3,700) to 4.87 million yen, while Softbank -- listed on the First Section of the Tokyo Stock Exchange -- fell 20 yen to 5,980. Yesterday Amazon.com rose $7 59/64 to $87 7/8, and Yahoo! Inc. rose $5 1/2 to $77 3/4. Both stocks are traded on the Nasdaq Exchange. >