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

To: OtherChap who wrote (25387)	11/10/1998 11:19:00 AM
From: H James Morris	Read Replies (1) \| Respond to of 164684

<Amazon.com Seen Making Push to Sell Software Over the Internet Seattle, Nov. 5 (Bloomberg) -- Amazon.com Inc., the No. 1 online bookstore, is expected to pitch software over the Internet, analysts and Web commerce experts say, in line with the company's strategy of selling more products online. Amazon.com Chairman Jeff Bezos has said he wants the company's Web site to be the place where shoppers can buy almost anything online. So far, the site sells books, music and will soon market videos. Software, one of the Web's popular purchases, is likely to be the next move, analysts and investors say. Online software sales in the U.S. are expected to soar to $2.4 billion by 2002 from $258.9 million this year, market researcher Jupiter Communications Corp. said. That projection places software far ahead of music and videos, which are expected to reach $1.6 billion and $575 million in U.S. online sales by 2002, respectively, according to Jupiter estimates. ''The concept of Amazon selling software is well-anticipated and a natural extension,'' said Steve Jurvetson, a venture capitalist with Draper Fisher Jurvetson. ''Software is a good high-margin business on the Web.'' Amazon.com spokesman Bill Curry declined to comment on the Seattle-based company's expansion plans. Moving into software will pit Amazon.com against online software retailers such as Egghead.com Inc. and Cyberian Outpost Inc. It also raises the stakes against Barnes & Noble Inc., whose online site began selling software earlier this year. Online software retailers say they aren't concerned. ''We're in one of the world's largest markets. There's room for a lot of companies to be successful,'' said Cyberian Outpost President and Chief Executive Darryl Peck. Music Amazon's entry into software should make potential competitors nervous considering the company's successful foray into the music business, analysts say. Last month online music retailer CDnow Inc. agreed to buy rival N2K Inc. after both reported disappointing third-quarter revenue. Marketing expenses surged as both spent on advertising to compete with Amazon.com as well as each other. The following week, Amazon.com said its music sales reached $14.4 million during the first full quarter it sold music. That compares with third-quarter revenue for CDnow, which sold $13.9 million, and N2K, which recorded $10.5 million in sales. ''Any retailer who isn't worried about Amazon has their eyes closed,'' said Nicole Vanderbilt, an analyst with Jupiter Communications. Amazon.com declined to comment on when it will open its video store. 12:50:13 11/05/1998

To: OtherChap who wrote (25387)	11/10/1998 11:25:00 AM
From: H James Morris	Respond to of 164684

Oc<The answer should reveal why anyone who buys the net stocks at these levels is crazy.> Not all net stocks. <EGGHEAD COM INC(EGGS) Bid: 14 13/16 BidSize: 4 Open: 12 7/16 Ask: 14 7/8 AskSize: 22 Close: 11 7/16 Last: 14 3/4 High: 15 3/8 Div.: 0.00 Change: +3 5/16 Low: 12 Yield: 0.00 A.High: 29 1/8 P/E: 0.00 Volume: 8201700 A.Low: 4.313 EPS: -2.47 Market :NASDAQ NM Tick: Up> If you could suggest a better takeover for Bezos other than Eggs. Please name it.