1x Amzn Discussion Threads

[mh] 24/4/2002 11:13

FSE,impressive.I'm also keeping an eye on eBay.My wife is a regular eBay customer/user and has introduced me to the delights and convenience of buying and selling by auction-everything from books to kids toys,electronic equipment etc.We had a very old car we couldn't sell in January,we advertised it everywhere,then we put it on eBay and we sold it,I think we had 6 bidders for it.It is a media with a massive future and like Amazon (I'm also a reg. user)I'm highly impressed by the IT structure and intelligent interface of the eBay website and can see massive user growth there.That doesn't automatically make it a good investment of course but I wouldn't bet on these guys not producing very strong revenue growth from here on in and as we know the share prices are trading at way way below the levels of 2 years ago.

[fse] 24/4/2002 09:54

I dont know what you guys think ? but Amazons results blew my mind.
To achieve this with the current economic collapse and only a tiny fraction of potential customers hooked up to any kind of connection running faster than a snail ..... hmmmmm!
read also Juniper CEO comments on demand for broadband !
its there but its got to be available and at a fair price.
I view these results as far more significant than anything announced recently...
what does it all mean ?

Amazon beats Street, raises the bar

Online retailer's loss is narrower than expected. Company expects higher revenue in 2Q.
April 23, 2002: 5:55 PM EDT

NEW YORK (CNN/Money) - Amazon.com Tuesday reported a narrower first-quarter loss that topped Wall Street forecasts as sales jumped 21 percent and the online retailer slashed expenses.

The Seattle-based Internet retailer also raised the bar for the second quarter and all of 2002.

After the closing bell, Amazon said it lost $5 million, or a penny a share, excluding one-time charges in the quarter, compared with a loss of $76 million, or 21 cents a share, a year earlier.

Analysts had expected a loss of 9 cents a share on average, according to a survey conducted by First Call, which tracks Wall Street forecasts.

Amazon's net loss for the first quarter -- including restructuring-related and other charges -- was $23 million, or 6 cents a share, down from a net loss of $234 million, or 66 cents a share, in the year-ago quarter.


Sales jumped 21 percent to $847 million from $700 million, topping the $805 million analysts in general had expected, according to the First-Call survey.

For the second quarter, Amazon said it expects revenue of $765 million-to-$815 million. At last count, most analysts had expected second-quarter revenue nearer $751 million.

For all of 2002, Amazon said it expects to report a more than 15 percent increase in revenue. The latest consensus estimate of analysts was for Amazon's revenue in 2002 to come in at roughly $3.5 billion, suggesting a 2.9 percent increase over the $3.1 billion it reported in 2001.


Oh and if you think this is a blip on your screen then look at this !
Amazon is not the only one giving new credence to the stalled out "new economy"

Expedia flies over 1Q forecasts

Online travel service sees more than 500 percent increase in profit on strong revenue gain.
April 23, 2002: 5:17 PM EDT



NEW YORK (CNN/Money) - Online travel service Expedia Inc. flew far over Wall Street expectations for the first quarter, and the company raised revenue and earnings guidance for the remainder of the year.

[pommy] 28/2/2001 22:30

Does this answer your Question?

"AnyCo.com Wednesday vigorously denied market rumors that the company is planning to file for bankruptcy, but shares in the company fell x percent in trading Wednesday because someone started a rumour saying they were going bust.

''I have no idea where this rumour is coming from,'' spokeswoman Joanne Public said. ``I can tell you absolutely, positively that there is no truth whatsoever (to the rumour). I'm here to tell you it's not true.''

The rumors apparently were sparked by a short story early Wednesday on Foreign business news wire xxx (commonly known as a bulletin board), which said the speculation about an AnyCo bankruptcy filing was coming from the Idiots that believe anything."

[gracekelly] 28/2/2001 21:15

Anyone over here heard anything?

"Amazon.com Wednesday vigorously denied market rumors that the company is planning to file for bankruptcy, but shares in the online retailer fell 9 percent in trading Wednesday.

``I have no idea where this rumor is coming from,'' spokeswoman Patty Smith said. ``I can tell you absolutely, positively that there is no truth whatsoever (to the rumor). I'm here to tell you it's not true.''

The rumors apparently were sparked by a short story early Wednesday on German business news wire VWD, which said the speculation about an Amazon bankruptcy filing was coming from the U.S."