Despite posting loss, on-line bookseller gets a good read

Article Abstract:

Amazon.com, an on-line bookselling giant, saw its revenue grow to $116 million in the second quarter of 1998 over $28 million in the same period in 1997. This was despite a loss of $21.2 million, or 44 cents a share, against a loss of $6.7 million, or 16 cents a share, a year ago. The company's customer base jumped more than fivefold to 3.1 million. Its strong showing further heightened what many analysts call an irrational investor frenzy over fast-growing Internet companies that have yet to post a profit.

Comment:

Sees its revenue grow to $116 mil in the 2nd quarter of 1998 despite a loss of $21.2 mil, or 44 cents a share

Mail Order Houses, Electronic Shopping and Mail-Order Houses, Mail order business, Amazon.com Inc., Article

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Dell earnings shoot up by 42%

Article Abstract:

Dell Computer Corp's 42%-improvement on its 1st qtr earnings in 1999 compared to the same period in 1998 helped boost the firm's position to second overall in terms of computer sales. The company, which earned $434 mil in 1999's 1st qtr, achieved the feat despite a 2%-drop in profit margins that is attributed to the falling prices of personal computers. Dell, which overtook IBM Corp to take the second spot, also emerged as the top computer supplier to US companies.

Computers, Electronic Computer Manufacturing, Dell Inc.

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