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

To: Glenn D. Rudolph who wrote (53616)	4/28/1999 8:31:00 PM
From: Jerry A. Laska	Respond to of 164684

Amazon.com sees losses deepening in '99 SEATTLE, April 28 (Reuters) - Amazon.com Inc. Chief Financial Officer Joy Covey said the Internet retailer expects deepening losses over the coming quarters due to recent acquisitions and planned future investments. Covey also said in a conference call with analysts, monitored on an Internet rebroadcast, that the company expects revenue growth in the current second quarter to be lower than its historic trends. ''With our recent acquisitions and the many investments we are making, it is certain our operating losses will increase substantially in the near quarters -- relative to sales, in absolute dollars and relative to published estimates,'' Covey said. She said quarterly pro forma operating losses later this year could be at least 2.5 times greater than the $30.6 million operating loss reported for the first quarter. Chief Executive Officer Jeff Bezos said in the call that sequential revenue growth rates should be expected to slow from the current ''hockey stick'' curve. He also said the company was seeking to hire a chief operating officer as well as a new chief financial officer to succeed Covey, who will take on a new role as chief strategy officer. biz.yahoo.com

To: Glenn D. Rudolph who wrote (53616)	4/28/1999 8:34:00 PM
From: Karl Radke	Read Replies (1) \| Respond to of 164684

Is Scamazon going to get its due finally? Revs slowing = death. BUT, like most net stocks, there's prolly life after death.