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


To: H James Morris who wrote (41539)2/20/1999 10:54:00 PM
From: Alomex  Read Replies (2) | Respond to of 164684
 

RCA actually went out of business, because they sold their computer's for cost, but their customer service was great.

That is surely a recipe for disaster. The question is if Amazon is selling each book at a loss, or selling books is profitable but they are spending in one time items (such as building warehouses) and then be profitable.

Until recently I thought it was mostly one time items. However, the latest quarter figures, where AMZN reported a fat X-mas sales bonus and still their earnings situation did not improve has introduced doubts in my mind.



To: H James Morris who wrote (41539)2/20/1999 11:44:00 PM
From: Bill Harmond  Read Replies (1) | Respond to of 164684
 
>>His die-hard shareholders? Ended up with shit. Except with a building in New York called the RCA center.

RCA didn't fold. It was taken over by General Electric. RCA had plenty of valuable assets when it was bought, most notably NBC. RCA rented its space in the RCA building from Rockefeller Center. It's now the named the GE Building, and GE rents, too.

You are right that RCA's venture into computing was disappointing. RCA was the first company to champion distribited computing, the "octiputer." Trouble for RCA (and NCR and others) was the fact the IBM had a stranglehold on data processing in the 60's.



To: H James Morris who wrote (41539)2/21/1999 9:26:00 AM
From: Glenn D. Rudolph  Respond to of 164684
 
Sarnoff their founder. Retired a multi-millionaire. His die-hard shareholders? Ended up
with shit. Except with a building in New York called the RCA center. Maybe Bezos will
leave Seattle one.


James,

All the Amazon structures are least so I doubt Amazon will leave anything. Bezos may keep his house in Seattle but I doubt the name Amazon will be on it.

Amazon owns very little of substance except some servers, some book, CD and video inventory, some funky desks, etc. They do have $1.7 billion in debt which must account for something.

Glenn