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


To: CookiePuss who wrote (37749)1/31/1999 8:44:00 PM
From: GST  Respond to of 164684
 
Cookie -- Yes, I think we are going to see some divergence among the nets -- people are going to be more selective. AMZN has lost its luster, but it is not clear what will happen to the others.



To: CookiePuss who wrote (37749)1/31/1999 9:11:00 PM
From: Islander  Respond to of 164684
 
From Yahoo: Sunday January 31 12:59 PM ET

Bertelsmann Online Bookseller Seeks Europe Top Rank
BONN, Germany (Reuters) - German media giant Bertelsmann said it expected its online bookselling operation to compete strongly with the pioneer Internet bookseller Amazon.

''In the United States we want to be a tough competitor for Amazon and No.1 in Europe,'' Klaus Eierhoff, Bertelsmann's multimedia chief said in an interview with Der Spiegel news magazine Saturday.

The group's European online bookselling operation BOL International starts operations Thursday in Germany and France and will begin in England and the Netherlands in the spring and in Spain by the end of the year.

Amazon.com started business in Germany and Britain in October.

Bertelsmann bought 50 percent of the online venture of bookseller Barnes & Noble's barnesandnoble.com for $200 million in October and the merged online unit will seek a stock market listing at the end of February.

Thomas Middelhoff, Bertelsmann CEO, said seeking a listing for the unit ''is a signal to all young entrepreneurs in the company.''

Other pioneer businesses within the group structure could use the capital markets for start-up capital, Spiegel said.