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  • HerBeauty HerBeauty Jan 22, 1998 11:30 AM Flag

    Come on Boys Act like Men and BUY! BUY!

    Come on Buy more guys Its only gonna go up
    and then you'll be sorry you did'nt buy more.
    And as for all those grumpy OLD men on this board you don't
    have a clue how life works in the 90s its the INTERNET
    thats were the ACTION IS. This company is probably like
    the newest idea and the best people on the Internet
    Its gonna go to a $100 a share real soon so Get outa
    the way take your Walkers and go to the park and leave
    the investing to the New Generation.

    HerBeauty :)

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    • Hey! Whats going on! 2 points off the high? whats happening? I just put my kids
      college money in this..... What ?!.... Bezos is selling? Who is Bezos......? What
      insiders!?....19 million more shares?..... I thought there was only 3 broker
      said I don't know him, he cold called me.......oh, he didn't tell me the whole
      story?.... What should I do now, the price is dropping? What do you mean, NO
      earnings, you mean I own a company that LOSES money? Whats happening? I
      thought we were all gonna be rich.........its priced at 15 times the competition, why that
      preposterous.....(honey, call my attorney, I'm gonna sue that @#$%&*

    • Announces Financial Results for Fourth Quarter and 1997 Year End

      Net Sales Increase 74 Percent Over Third Quarter

      SEATTLE, Jan. 22 /PRNewswire/ --, Inc. (Nasdaq: AMZN) today announced financial results for the fourth quarter of 1997 and for the fiscal year.

      Net sales for the fourth quarter were $66.0 million, a 74 percent increase over net sales of $37.9 million reported for the
      third quarter ended September 30, 1997. Net sales increased 680 percent over net sales of $8.5 million reported for the fourth
      quarter of 1996. Net loss for the fourth quarter ended December 31, 1997 was $9.3 million, or $0.39 per share, compared with a net
      loss in the quarter ended September 30, 1997 of $8.5 million, or $0.36 per share. The company reported a net loss of $2.3 million
      or $0.10 per share in the quarter ended December 31, 1996.

      Net sales for fiscal 1997 were $147.8 million, an 838 percent increase over net sales of $15.7 million reported for fiscal 1996. Net loss for fiscal 1997 was $27.6 million, or $1.17 per share, compared with a net loss in fiscal 1996 of $5.8 million, or $0.25 per share. also announced that cumulative customer accounts grew to over 1,510,000 at December 31, 1997, an increase of 61 percent from 940,000 customer accounts at the end of September 1997 and 739 percent from 180,000 customer accounts at December 31, 1996. Repeat customer orders represented more than 58 percent of orders placed during the quarter ended December 31, 1997.

      During the quarter, continued to demonstrate its leadership in the online commerce arena. Audience reach
      increased dramatically during the quarter, according to Media Metrix: The PC Meter Company. December saw moving to number
      22 in rank among all Internet sites for household users, and number 16 among all Internet sites for business users. Among
      household users,'s reach rose to 6.3 percent in December, from 4.2 percent in September and 3.2 percent in June. Among
      business users,'s reach rose to 8.8 percent in December, from 6.1 percent in September.'s growing audience
      reach was also measured by Relevant Knowledge, which ranked number 18 among all Internet sites in December, with an
      estimated 2.0 million unique visitors during the month, up from number 25 in October.

      "The 1997 holiday season demonstrated increased acceptance of online commerce, which drove our exceptional growth in sales
      and customers," said Jeff Bezos, president and chief executive officer. "Serving so many of our customers' holiday
      shopping needs capped a year of significant progress for We solidified and extended our leadership position in this
      rapidly evolving market, significantly improved our product and service offering, and increased our cash and investment balances by
      nearly $120 million. We intend to continue to invest aggressively in building our business and brand, enhancing our product and
      service offerings, expanding the range of products we offer to our customers and broadening our distribution relationships with the
      goal of maintaining and continuing to extend our leadership position."

      During the quarter, opened its new 200,000 square foot distribution center in Delaware and completed the
      previously announced 70 percent expansion of its Seattle distribution center. These moves complete the company's planned expansion of
      its distribution center capacity to nearly six times previous floor space, enable the company to stock hundreds of thousands of
      titles and can support substantial future growth. Such expanded inventory will enable to increase the portion of books
      shipped same-day and broaden its direct-from-publisher buying programs. Establishing distribution centers on both coasts has already
      reduced shipping times for customers.


    • In November, introduced an innovative Gift Center to make gift giving
      fast and easy and to augment its powerful recommendation services. The Gift Center
      includes thousands of recommendations and a Gift Ideas for Kids feature that offers
      tailored gift ideas for children and young adults by age range. In addition, the company
      introduced gift certificates, including electronic gift certificates that can be delivered by
      e-mail. continued to extend its distribution relationships during the quarter, and ended the quarter with premier or
      exclusive relationships with the top three and five of the top six Internet sites, according to Media Metrix. During the quarter,
      GeoCities named its exclusive bookseller, providing placement throughout its themed communities and anchor tenant presence
      in the GeoCities Marketplace. In addition, became the premier bookseller on the @Home Network's shopping service,
      book directories and search pages, and Netscape made the exclusive bookseller in the recently launched Marketplace
      section of Netscape Netcenter. The company continued to add members to its Associates program, and ended the year with more than
      28,000 registered Associate program members.

      In December, substantially increased its cash and investment balances by completing a $75 million three-year credit facility. The fully funded facility provides the company with increased flexibility to pursue its long-term strategic objectives., Inc., Earth's Biggest Bookstore, is the leading online retailer of books and is the premier bookseller on, Yahoo!, Netscape,, GeoCities, the AltaVista Search Service, @Home Network, and the Prodigy Shopping Network. offers a catalog of 2.5 million titles, easy-to-use search and browse features, e-mail services, personalized shopping
      services, Web-based credit card payment, and direct shipping to customers. has virtually unlimited online shelf space and
      can offer customers a vast selection through an efficient search-and-retrieval interface, as well as streamlined ordering
      through 1-Click(SM) technology.

      This announcement contains forward-looking statements that involve risks and uncertainties, and actual results may differ
      materially from predicted results. Potential risks and uncertainties include, among others,'s limited operating history, the
      unpredictability of its future revenues, and risks associated with capacity constraints and management of growth. More information about
      factors that potentially could affect's financial results is included in the company's final prospectus, dated May 15,
      1997, as well as the company's Form 10-Q for the third quarter ended September 30, 1997, both filed with the Securities and
      Exchange Commission.

      NOTE:, Earth's Biggest Bookstore, and 1-Click are service marks of, Inc. All other names are trademarks of their respective owners.



      Balance Sheets

      In thousands except share data

      (preliminary pending completion of audit)

      Year Ended December 31,

      1997 1996


      Current Assets:

      Cash and cash equivalents $109,810 $6,248

      Short-term investments 15,256 --

      Inventories 8,971 571

      Prepaid expenses and other 3,298 321

      Total current assets 137,335 7,140

      Equipment, net 9,265 985

      Deposits 166 146

      Deferred charges 2,240 --

      Total assets $149,006 $8,271


      Current Liabilities:

      Accounts payable $32,697 $2,852

      Accrued advertising 3,454 598

      Accrued product development -- 500

      Other liabilities and

      accrued expenses 7,667 920

      Total current liabilities 43,818 4,870

      Long-term debt 76,521 --

      Long-term lease obligations 181 --

      Stockholders' Equity:

      Preferred stock, $0.01 par value -

      Authorized, 10,000,000 shares

      Issued and outstanding, none

      and 569,396 shares, respectively -- 6

      Common stock, $0.01 par value -

      Authorized, 100,000,000 shares

      Issued and outstanding,

      23,937,169 and 15,900,229 shares,

      respectively 239 159

      Additional paid-in capital 63,792 9,873

      Deferred compensation (1,930) (612)

      Accumulated deficit (33,615) (6,025)

      Total stockholders' equity 28,486 3,401

      Total liabilities &

      stockholders' equity $149,006 $8,271


      Statements of Operations

      (In thousands, except per share amounts)

      Quarter Ended Year Ended

      December 31, December 31,

      1997 1996 1997 1996

      Net sales $66,011 $8,468 $147,758 $15,746

      Cost of sales 53,119 6,577 118,945 12,287

      Gross profit 12,892 1,891 28,813 3,459

      Operating expenses:

      Marketing and sales 16,306 2,938 38,964 6,090

      Product development 4,520 901 12,485 2,313

      General and administrative 1,920 447 6,573 1,035

      Total operating expenses 22,746 4,286 58,022 9,438

      Loss from operations (9,854) (2,395) (29,209) (5,979)

      Interest income 517 96 1,619 202

      Net loss $(9,337) $(2,299) $(27,590) $(5,777)

      Net loss per share $(0.39) $(0.10) $(1.17) $0.25)

      Shares used in computation

      of net loss per share 23,885 22,969 23,602 22,655

      SOURCE, Inc.

      CO:, Inc.

      ST: Washington

      IN: REA MLM

      SU: ERN

      01/22/98 16:17 EST target=new >

      To edit your profile, go to keyword NewsProfiles.
      For all of today's news, go to keyword News

    • Well Looks like im in the Money!! Its offcial Amazon is
      the best company in America this stock will be at $200 a share
      in a month I just wish i could buy more Hell maybe ill sell
      my car.So all you old farts just remember who the Queen of the
      Jungle is!!!HerBeauty

      And P.S. Nobody Will Sell this Stock why would they?
      It only can go up in price!
      HerBeauty :)

    • >>>>"Amazon made LIKE $270 million Dollars WOW!"<<<<

      I think you misread the report...Amazon LOST 39 cents per share....their losses are increasing as their sales increase. At this rate they will be bankrupt by yearend...........;^D

    • Amazon lost $1.17 for the year of 1997. the losses are increasing as the sales increase. 1998 is also forcast as a losing year. The diference here will be that the FLOAT in 1998 will be double triple maybe even 5 times as much as it was in 1997. If one insider sells, perhaps just 3 million shares out of the 19 million held (15%) to DOUBLE the float......then the shorts would have no problem covering, and in theory the stock would be worth half as much, or 30$, no?........;^)

    • Canstic,

      Obviously, Herbeauty thinks it is a good report...

      Not withstanding her remark, do you or anyone here know where AMZN was trading after 4:00 pm?

      Another question: Why do some companies, like AMZN, not announce the earnings reports date and surprise the hell out of the stock holders?

    • toycruiser, after market trading was only 11,000 shares.....last 4000 was at 62 5/8................volume was very light so I think there is nothing you can read into it. if you put a gun to my head i would guess AMZN opens the high tomorrow and goes straight down from there............ 15 more hours to go....;^)

    • AMZN: BANCAM/ROB STEP made new estimate for fiscal year ending
      12/97 of $-1.25 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for fiscal year ending
      12/98 of $-1.35 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for quarter ending
      03/98 of $-0.48 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for quarter ending
      06/98 of $-0.40 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for quarter ending
      09/98 of $-0.33 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for quarter ending
      12/97 of $-0.47 on 01/21/98
      AMZN: BANCAM/ROB STEP made new estimate for quarter ending
      12/98 of $-0.15 on 01/21/98

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