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


To: Verkaylac who wrote (20368)10/6/1998 5:22:00 PM
From: craig crawford  Respond to of 164684
 
17:06 [BKS] REPEAT: BARNES & NOBLE TO POSTPONE IPO OF BARNESANDNOBLE.COM TEMPORARILY.
17:06 [BKS] BARNES & NOBLE TO POSTPONE IPO OF BARNESANDNOBLE.COM ON BERTELSMANN DEAL.
17:05 [BKS] GERMANY'S BERTELSMANN TO PAY $200 MLN FOR 50% STAKE IN BARNESANDNOBLE.COM.
17:04 [BKS] GERMANY'S BERTELSMANN IN INTERNET PACT WITH BARNES & NOBLE.



To: Verkaylac who wrote (20368)10/6/1998 5:24:00 PM
From: IceShark  Read Replies (1) | Respond to of 164684
 
Where did that come from? If true, AMZN has a BIG problem, which should be good for another 10 point run-up tomorrow.

Regards, IS



To: Verkaylac who wrote (20368)10/6/1998 8:19:00 PM
From: Rob S.  Read Replies (2) | Respond to of 164684
 
Bertelsmann is BIG - they own Bantam Doubleday Dell, Random House, Advance and other English publishers and are the worlds largest direct marketer of books through book clubs. They are the world's largest publisher and 3rd largest media conglomerate. They make more in profit per quarter than Amazon has sales per year.

Of course, this will be seen as positive for NZMA because the IPO will be delayed so that the details of the partnetship can be spun into it. On Bizarro World (where Amazon.com and speculators have mysteriously been transported) this is great news: new competitors who have massive resources at their disposal and great talent will only help Amazongonenutty.com loose hundreds of millions more building facilities in a feeble attempt to lower costs and match capabilities. Greater losses shows that management has the creativity to spend money wildly - something that is valued above all else here on Bizarro World.

Onward Amazongonenutty.com!!! Onward pimping stockbrokers!!! Upward toward 120 (130?)!!!