Word: amazon
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Dates: during 1990-1999
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...Flying in the day is like being in the ultimate movie," he writes. "[But] when you're flying at night, you're not in an airplane. You're in a spaceship.") He builds the book around his 50th birthday present to himself, an air journey through Central America, the Amazon and the Caribbean with a mind-boggling array of sportsman's toys and a retinue of family, friends and assistants. "To work with Jimmy," says pilot Jim Powell, "you've got to think and whistle at the same time." Buffett and his little boy flew his huge, cacophonous 1947 Grumman...
Your report on shopping by computer [THE INTERNET ECONOMY, July 20] noted the dispute between Amazon.com and Barnes & Noble over which one is the "Earth's Biggest Bookstore." Those of us who are independent booksellers find their claims need clarification. The 2.5 million-book database that both Amazon and Barnes & Noble use is virtually the same one that is used by any bookstore. The two giants don't have a large warehouse stocked with 2.5 million titles available at hefty discounts. Instead, they may stock several hundred titles of best sellers, for which volume sales allow cheap prices. All other...
...since Bill Gates took Microsoft public in 1986 has Wall Street witnessed anything like the wealth-creating power of today's Internet stocks. Consider Amazon.com an online bookseller that has lost more than $30 million since 1995 with nary a penny of profit in sight. No matter. Amazon's $5 billion in market value exceeds the combined capitalization of Barnes & Noble and Borders Group, the two largest U.S. bookstore chains. The rise of No. 1 search engine Yahoo has been no less phenomenal. It stood at $181 a share last week after reporting second-quarter earnings of $8.1 million--following...
...operating basis. Add to this the fact that any takeover targets would be happy to get Yahoo's gold-plated stock. How would you spend the money? Even product development cost only $5 million last quarter, which must buy a lot of server tweaks and Java applets. Noting that Amazon has a similar war chest, our best guess for the bucks: Look for Yahoo's $20 million marketing budget to go into Superbowl-style overdrive. Maybe they'll even start mailing out disks...
Greg MacGillivray, producer and director of Everest, believes IMAX films like Amazon will revive the old concept of "films as road shows," with megasize movies rotating among 100 or so theaters and attracting residents from miles around. "I think you'll see them in every city with more than 300,000 people and in some cities with fewer than that. With nonfiction stories in spectacular settings, it will work really well," he predicts...