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

To: Gary Walker who wrote (23452)	10/28/1998 5:36:00 PM
From: MR. PANAMA (I am a PLAYER)	Read Replies (2) \| Respond to of 164684

hahaha hahahaha hahahaha hahahaha hahaaha AMZN Delivers.....Eat your heart out Barnes and Chernoble

To: Gary Walker who wrote (23452)	10/28/1998 5:38:00 PM
From: L.J. Hoffman	Read Replies (1) \| Respond to of 164684

Check the last paragraph...the bigger the losses the more "successful" they become. Amazon.com sees progress to profitability SEATTLE, Oct 28 (Reuters) - Amazon.com Inc. Chief Financial Officer Joy Covey said Wednesday the online retailer was making ''steady progress'' toward profitability in its core book sales business. ''The trend has been steady progress toward profitability,'' she said, referring to business generated on the company's main Amazon.com Internet site. But she and Chief Executive Officer Jeff Bezos said in a conference call with three reporters that the company was less concerned with profits than with building a successful business. (Note: this article is ''in progress''; there will likely be an update soon.) --------------------------------------------------------------------------------

To: Gary Walker who wrote (23452)	10/28/1998 5:38:00 PM
From: Glenn D. Rudolph	Read Replies (1) \| Respond to of 164684

Gross margins were up from 19 to 22%. But that's irrelavant since they are not high enough to get profitable enough to support the stock price. Gary I was looking sequentially. I thought last quarter gross margins were 22.6% Glenn

To: Gary Walker who wrote (23452)	10/28/1998 5:41:00 PM
From: RFF	Read Replies (1) \| Respond to of 164684

CNBC just did a completely worthless summary of the call and the earnings. They are basically just acting as a mouth piece for AMZN statements. Is the amortization of goodwill associated with their acquisitions included in COGS? Or is that part of the $20M merger expenses?

To: Gary Walker who wrote (23452)	10/28/1998 5:45:00 PM
From: damniseedemons	Read Replies (3) \| Respond to of 164684

>The more they sell the more they loooosssee!> Not exactly. Right now, they lose ("loooosssee") money acquiring customers. The more items a single customer buys, the better. Amazon and Wall Street believe that they will hit an inflection point, afterwhich scale/leverage will kick in, in a big way. It's the same story as AOL a few years ago. The strategy is called "Get Big Fast," you would do yourself a big favor if you learned more about it. Of course, many companies have tried "Get Big Fast" and failed. Amazon has already come a long long way, however, and if they continue to execute well they'll beat the odds. A primary factor that venture capital and Wall Street buy into is managment; Amazon has assembled a terrific management team. Terrific.

To: Gary Walker who wrote (23452)	10/28/1998 5:47:00 PM
From: H James Morris	Read Replies (7) \| Respond to of 164684

Like I posted a few weeks ago. Mary Meeker called Covey at the beginning of the last Qtr and asked for a # that under no circumstances could they not beat. Covey gave Mary -.57c. Amzn today announces -.49c and Volpe ( Elephant) say's" these results are fantastic "! Scam, fraud, etc! This is a scam beyond all proportions. God bless Gaap, and old values! <Seattle, Oct. 28 (Bloomberg) -- Amazon.com Inc.'s third- quarter loss widened as the No. 1 online bookseller spent more on marketing to blunt rival Barnes & Noble Inc. and other book and music retailers. Still, it beat expectations as sales quadrupled. The loss excluding acquisition costs for the quarter ended Sept. 30 widened to $24.7 million, or 49 cents a share, from $9.6 million, or 21 cents, in the year-earlier period. Analysts expected a loss of 57 cents, according to First Call Corp. Sales soared to $153.7 million from $37.9 million, beating analyst forecasts that sales would total $130 million. Marketing expenses surged to $37.5 million from $11.5 million a year earlier. Amazon.com is pouring money into advertising in a bid to lure millions of consumers who are jumping onto the Internet and shopping online for the first time. It's coming under increasing competition from rivals such as Barnes & Noble, whose online unit recently became an joint venture with Bertelsmann AG and is ramping up its marketing in a bid to overtake Amazon. ''It makes sense (for Amazon) to spend a gazillion to acquire customers'' because that will drive sales, said Dain Rauscher Wessels analyst Mitchell Bartlett, who rates Amazon a ''hold'' because the stock is so high. The loss including acquisition costs was $45.2 million, or 90 cents a share, compared with $9.6 million, or 21 cents a share, for the year-earlier quarter. Amazon recently acquired two Internet companies, PlanetAll and Junglee. The company said it gained 1.2 million new customer accounts during the quarter, bringing its total customer accounts to about 4.5 million. ''It was a fantastic quarter,'' said Volpe Brown Whelan analyst Derek Brown, who expected sales of $128 million and a loss of 55 cents. Music Sales Amazon said music sales were $14.4 million during the quarter. It marked the first full quarter of music retailing for Amazon, which opened its music store in June. That expansion means that it's also competing against online music stores such as No. 1 online music retailer CDNow Inc., which agreed to buy its rival N2K Inc. earlier this month. Still, Amazon may be gaining the upper hand: its third- quarter music sales surpassed N2K's revenue of $10.5 million and CDnow's sales of $13.9 million. Both CDNow and N2K reported third- quarter revenue last week that fell short of expectations. ''Amazon is taking share away from N2K and CDnow,'' said Brown. Seattle-based Amazon.com has plans to start selling videos, although it hasn't disclosed a date for unveiling its video store. Amazon's widening losses and mounting competition isn't daunting investors. The stock has more than tripled this year. Shares of Amazon rose 3/4 to 117 1/16 in regular Nasdaq trading. The earnings results were released after U.S. markets had closed. Shares climbed to 119 3/4 after the close. 17:23:10 10/28/1998>