Amazon.com logo sports a smile; shareholders don't
Article Abstract:
Amazon.com Inc's troubles with its declining stock value suggests a growing awareness among investors that Internet companies actually encounter more of the expenses and risks peculiar to traditional retailers as they attempt to achieve their online goals. For example, after the Christmas holidays, Amazon found itself with a problem experienced by brick-and-mortar booksellers, which was considerable piles of inventory that included toys, consumer electronics and books. Yet, when the company was beginning, it did not have to carry the cost and risk of a lot of inventory.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Analysts raise expectations for profit growth
Article Abstract:
Financial analysts are generally in consensus that the earnings outlook for so-called old-economy stocks is quite bright due to unexpectedly strong corporate growth in 2000. Stock analysts have been raising their estimates in a significant departure from the usual pattern as firms approach the end of the existing quarterly reporting period. The trend has been developing for weeks, perhaps even months. However, investors apparently noticed the trend only during the week of Mar 13, 2000-Mar 19, 2000. AG Edwards analyst Stuart Freeman explained that these investors may have been too focused on technology stocks to notice.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Amazon's future 'still anyone's guess'
Article Abstract:
Amazon.com Inc's future in the Internet continues to be unpredictable despite its having 20 million customers worldwide. This is because the company continues to lose money at the rate of $198 million as of 1st qtr 2000. The downturn at the stock market, which has reduced the price of Amazon's shares to around $52 apiece, has placed the firm at a point where it can either continue or fold. However, analysts agree that the future of the company depends on how well it can reduce losses until 2001 when it is expected to become profitable.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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