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To: Ms. X who wrote (19260)	4/28/1999 4:35:00 PM
From: Jerry Olson	Read Replies (2) \| Respond to of 34811

Yeah i thought it sounded great???...good rev number, but Jammy they might still sell it off??? hey who knows... we wait and see...

To: Ms. X who wrote (19260)	4/28/1999 5:34:00 PM
From: Jerry Olson	Respond to of 34811

Jammy AMZN............... 12 pm Eastern Time (Note: this article is ''in progress''; there will likely be an update soon.) INSTANT VIEW/Amazon beats Q1 expectations SEATTLE, April 28 (Reuters) - Internet retailing giant Amazon.com Inc. (AMZN - news) beat Wall Street expectations on Wednesday, posting a pro forma net loss of $36.4 million or 23 cents per share in the quarter. On average analysts had expected a loss of 29 cents a share, according to First Call. DEREK BROWN, ANALYST, VOLPE, BROWN, WHELAN & CO: The results were ''well in excess of my expectations, it was a phenomenal quarter, as Q1 is a traditionally seasonally slow period of time for retailers.'' Amazon ''not only exceeded my revenue estimate, by $39.1 million, and that equates to over 15 percent, they exceeded my EPS estimate by 6 cents per share.'' ''This shows leading companies on the Internet are going to grow disproportionately to the lower tier players. They will outperform versus the competition and expectations.'' LAUREN LEVITAN, ANALYST BANCBOSTON ROBERTSON STEPHENS: "The number that is incredibly impressive is the 8.4 million total customers -- that is incredibly impressive. These are phenomenal results, and it seems everybody getting online is going to Amazon. ''After a strong first quarter we didn't think that they could improve that much but they've shown a 35 percent revenue growth sequentially over the last quarter in what should be a seasonally slow time of year; It shows that these guys are synonymous with online shopping. We estimated $260 million in sales, they came in at $293 -- so they're beating our number by 13 percent. The profit also is better than expected. It's very impressive.'' (Note: this article is ''in progress''; there will likely be an update soon.) -------------------------------------------------------------------------------- More Quotes and News: Amazon Com Inc (Nasdaq:AMZN - news) Related News Categories: computers, publishing, retail, US Market News -------------------------------------------------------------------------------- Help