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

To: Bill Harmond who wrote (32545)	1/5/1999 10:29:00 AM
From: H James Morris	Respond to of 164684

>> Seattle, Jan. 5 (Bloomberg) -- Amazon.com Inc., the No. 1 online bookseller, said fourth-quarter sales more than tripled from a year ago as more shoppers ordered from its online stores in the U.S. and overseas. The higher sales won't reduce Amazon.com's loss for the quarter, Joy Covey, chief financial officer, said in a statement. The company's loss is expected to widen to 54 cents a share, the average estimate of analysts surveyed by First Call Corp., from 7 cents in the year-ago period. Profits were reduced in part by aggressive pricing, Covey said. Customer service costs also rose, she said. Amazon.com shares fell 4 5/16 to 114 in early trading. Fourth-quarter sales rose to about $250 million from $66 million in the year-ago period, Seattle-based Amazon.com said. It drew more than 1 million new customers between Nov. 17, when it launched its video and gift stores, and the year's end. Amazon.com said new online stores in the U.K. and Germany also had strong sales in the holiday period, when it shipped more than 7.5 million items, more than in all of 1997. << 10:10:15 01/05/1999