Analyst says Amazon losing customers fast

Article Abstract:

Online retailer Amazon.com is losing customers at an alarming rate, according to Prudential Financial analyst Mark Rowen. Using company data, Rowen said Amazon lost 2.3 million customers in the quarter ending Mar 31, 2001, but gained 3 million new shoppers. The report is being contested by Amazon.com, claiming two-thirds of its 32.5 million customers made a purchase during the 12 months ending Mar 31, 2001, and spending an average $135 on purchases.

Nonstore Retailers, Amazon.com Inc.

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Amazon.com to run Borders Web site

Article Abstract:

Amazon.com is taking over the operation of Borders.com, the online arm of bookseller Borders Group. The deal is not expected to materially affect the financial performance of either company since Borders.com is considerably small in terms of online book sales. However, it is another example of a bricks-and-mortar retailer pulling the plug on its inhouse online strategy and turning to Amazon to handle Internet sales.

Asset sales & divestitures, Acquisitions & mergers, On-Line Information Services, Videotex & Teletext, Borders Group Inc., Borders Inc.

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Microsoft, banks battle to control your e-info

Article Abstract:

Microsoft seeks to beat out banks in the world of online financial transactions.

Prepackaged software, Computer Software, Software Publishers, Banking Institutions, Depository Credit Intermediation, DEPOSITORY INSTITUTIONS, All Other Information Services, Functions related to deposit banking, Home Banking Service, Software, Microsoft Corp., Banks (Finance), MSFT, Home banking

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