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


To: Mark Fowler who wrote (45828)3/15/1999 7:18:00 PM
From: Glenn D. Rudolph  Read Replies (2) | Respond to of 164684
 

wired.com

Wal-Mart Responds to Amazon Suit
by Chris Stamper

2:10 p.m.  15.Mar.99.PST
SEATTLE -- Wal-Mart Stores responded to Amazon.com's trade secrets lawsuit in a Seattle court Friday, saying it had found a "smoking gun" that showed Amazon executives had taken sensitive Wal-Mart documents.
"Many of these documents contain the very trade secrets that Wal-Mart seeks to protect by this litigation," Wal-Mart said in the 12 March court filing.
The response, filed with Judge Linda Lau of King County Superior Court, also attacks Amazon's (AMZN) recent strategic alliance with Dell Computer. Wal-Mart argued that it could prove the two companies were not only swapping Web links, but using Wal-Mart's trade secret data warehousing techniques.
The filing is another development in a six-month-old lawsuit that could affect the ways high-tech companies hire executives away from each other. Wal-Mart (WMT) originally sued Amazon and online pharmacist Drugstore.com, claiming that the online retailers were stealing trade secrets by hiring away some of its top-level logistics executives and information systems managers. Wal-Mart relies on its logistical expertise to undercut competitors in price.
Last week, Amazon countersued, accusing Wal-Mart of unfair competition, violating the Washington Consumer Protection Act, interference with prospective employees, libel, and slander.
In the response, Wal-Mart asked the court to act with urgency.

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To: Mark Fowler who wrote (45828)3/15/1999 7:35:00 PM
From: Banjo  Read Replies (1) | Respond to of 164684
 
Wow! The charts on AMZN and YHOO are outstanding; $140 on AMZN and $180 on YHOO are major breakout points, after piercing these they will rocket!