Has Wall Street paid too much for Amazon Investors bid the stock up too much in anticipation of it growing faster than it's going to grow. But if Amazon keeps executing and making progress in keeping costs down, it can still work.
More Quotes from Tom Courtney:
It's fairly niche-y, it's not going to be a broad based business model that can succeed in a lot of different categories.Tom Courtney
What that means is that when everything is all said and done, this thing is going to be a much smaller business than people thought. We're not saying none of it the model works we're saying it's only going to work for a small group of customers, relative to what people thought.
Tom Courtney
Is it 15 billion because of the collapse of the business-to-consumer market or it is 15 billion because sales growth slowed down by 50 percent in the last two quarters Probably, it's a little bit of both, but I think it's more of the latter.
Tom Courtney
Worldwide Internet retail sales were almost 23 billion in 1999 and we expect that to double in 2000. Street estimates for worldwide sales in 2002 are approximately 105 billion, with 65 billion of that in the U.S. This implies an annual growth rate of 80 percent worldwide.
Tom Courtney
It appears that to help save the bottom line, the company held back on some marketing expenses,
Tom Courtney
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