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.
More Quotes from Tom Courtney:
We think they will, but the question for the stock is in the year 2005, do they do 8 billion in sales or do they do 20 billion in sales If they do 8 billion, then it isn't going to be worth as much as if they had done 20 billion.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
The one thing it said was under no circumstance would any government agency be allowed to keep the fingerprints on file,
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 we think the numbers are saying is that the frequency and retention of existing customers is not anywhere near where it needs to be for the model to work in our opinion.
Tom Courtney
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