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

To: Apache Indian who wrote (32523)	1/5/1999 9:08:00 AM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 164684

Does anyone know why AMZN is called down to $106? I understand there is a 3 for 1 split, but $106 seems low? Why the downward pressure?

To: Apache Indian who wrote (32523)	1/5/1999 9:26:00 AM
From: jach	Respond to of 164684

Amazon.com is expected to come under pressure on Tuesday after the online book seller said strong holiday sales won't reduce net losses for the fourth quarter. Amazon (AMZN) said sales in the fourth quarter more than tripled to about $250 million, boosted by strong holiday season sales. Yet it also cautioned investors that the higher seasonal sales "will not translate into correspondingly lower net losses in the fourth quarter." Ahead of the news, the online book seller closed up 33 5/8 to 354 7/8 on Monday. But the stock was under stiff pressure in pre-market trading. Strong video and music sales lowered Amazon's gross profit margins, as well as "aggressive product pricing," the company said. Moreover, order fulfillment costs were higher, it said. Amazon also said sales stemming from its Web sites in the U.K. and Germany saw "substantial" increases. In the year-ago period, Amazon's overall sales totaled $66 million. The book seller said in a release the holiday shopping season attracted more than 1 million new customers, and that it shipped more than 7.5 million items during the season -- more than it shipped for all of 1997.