I think this company will do a better job of inventory management as these businesses mature, ... Remember, they've only been in some of them for six months or so.
More Quotes from Tom Courtney:
I'm initiating a bill next year that would make it so it's a parental decision, ... If it is, then it should satisfy everyone's fears. We don't have a bill yet, but we're working on it.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
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
In the fourth quarter of calendar 1999, sales grew 170 percent year-over-year. In the second quarter they just reported, sales grew 84 percent. So, if you went back six months, Amazon's market capitalization when they generated that 170 percent growth was probably around 25 to 30 billion. Today it's 15 billion,
Tom Courtney
It appears that to help save the bottom line, the company held back on some marketing expenses,
Tom Courtney
Although it may have one last run going into the holiday period, we believe that Amazon has several red flags that demand investor attention.
Tom Courtney
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