To: OtherChap who wrote (26255 ) 11/17/1998 2:41:00 AM From: Rob S. Read Replies (3) | Respond to of 164684
The plot thickens . . . Although virgin Amazon still enjoys robust sales growth and is launching into long anticipated sales of other merchandise, the competition is gaining momentum faster than Bezos can dodge them: - A new challenger claims they will eat Amazon's lunch. Although forecasting any one company will quickly defeat king Amazon is grand standing, only time will tell who comes out among the top dogs, the strategy is to offer products guaranteed to beat Amazon in price. Hmmm . . . this is still a virgin market but they are already talking tough about price. - And if the competitive heap wasn't already added high this month, K-Mart just announced that they will challenge Amazon and others at book, music and video sales. It seems that the bargain-basement discounters aren't so dumb after all, "Duh, gee, we sell a lot of this here commodity stuff. We got lots of warehouses crammed to the rafters with it already. Do ya' think we can sell it on the Internet at a lower price than that high falootin Amazongonenutty.com?" Seems like a no-brainer to me. biz.yahoo.com biz.yahoo.com OK, this competition may not have the hip feeling of Amazon, but then not all web surfers are all that cool that they want to may more for something one place than another. The price competition is already heating up and this market has hardly got out of diapers. What do you think is next? Six months, a year or two from now? Big margins for goliath Amazon? Seven billion or higher stock valuation? Where do we go from here? ------- Maybe to cap off Amazon's day, Bill Gates gave the keynote speech at Fall Comdex in Vegas. One of Microsoft's joke videos, as reported in the Seattle Times business section, archives.seattletimes.com <Brokaw joins in: One of the more humorous videos in Gates' keynote included a spoof newscast by Tom Brokaw. The NBC newsman gave a newscast in 2000, noting that the computer problem associated with the date failed to materialize. He went on to mention that the stock of Amazon.com, the Seattle online bookseller, had soared into the stratosphere even though the company "may post its first profit sometime next year.">